Skip to main content

Wells Fargo expanding its RMBS platform
Apr 29, 2010

Wells Fargo Securities has announced that it has expanded its Residential Mortgage-Backed Securities (RMBS) platform. The RMBS group now provides a full suite of advisory, structuring, research, distribution and trading services to our residential origination and investing clients and to Wells Fargo Home Mortgage (WFHM), the country's largest residential mortgage originator. The group has added a number of key hires to oversee the business. Mike Buttner has been appointed the head of Residential Mortgage Backed Securities. A 19-year veteran of Wells Fargo, Buttner was most recently responsible for managing the hedging activities of WFHM's servicing rights and pipeline/warehouse assets. He reports jointly to Tim Mullins, head of fixed income trading and Julie Caperton, head of asset-backed finance and securitization, two divisions within the securities and investment group. Reporting to Buttner are Doug Lucas, head of residential mortgage trading, and Dash Robinson, head of residential mortgage finance structuring & lending. Lucas has more than 20 years of experience managing residential risk and most recently ran structured products trading in London for Bear Stearns, where his team set up a mortgage company in Europe. Robinson was previously responsible for the execution, surveillance and restructuring oversight of Wells Fargo's structured finance transactions. "Adding seasoned market professionals with deep residential experience has enabled us to quickly expand our RMBS platform," said Caperton. "We are now able to offer a full suite of origination and distribution services to our clients." "Wells Fargo's dominance in mortgage origination combined with strong investor demand for all types of residential product made this an obvious area to expand within Wells Fargo Securities," said Mullins. "We are excited to have the in-house capabilities in place to offer these services to our mortgage company in addition to our external originating and investing clients." For more information, visit  
Apr 29, 2010
Rocket Launches Visa Signature Card

Rocket says its first-of-its kind credit card will help clients save on home purchases and homeowners pay off mortgages.

Guild Mortgage Acquires Cherry Creek Mortgage

Terms of purchase not disclosed; reverse mortgage volume added to Guild.

Mar 14, 2023
Vigilance, Dedication, And Commitment Forge Legends

Submit a nomination for Mortgage Banker Magazine’s Legends of Lending.

Mar 10, 2023
FTC Moves To Block Black Knight, ICE Merger

Says it 'would drive up costs, reduce innovation, and reduce lenders’ choices.'

Mar 09, 2023
Rocket Arms Brokers With Bully Shield Vs. UWM

Rocket covers penalties and court fees for brokers who want to get out of United Wholesale Mortgage’s ultimatum contract. 

Feb 06, 2023
Top Texas Originator Sees No Surrender To 2023

Big cities will determine the battle

Jan 26, 2023