Wells Fargo & Co., which has emerged as a big seller of delinquent mortgages, is offering roughly $350 million of whole loans, some of which are nonperforming, according to investment banking sources.
A Wells spokeswoman declined to answer questions on the matter.
One source said that roughly $140 million of the $350 million is considered nonperforming.
Wells, the nation's largest originator of residential mortgages, sells nonperformers itself, without a middleman.
The NPL market has been on a bit of a roller-coaster ride in recent months, with a wide disparity emerging once again between the "bid" and "ask" price on mortgage pools.
Some traders and investors told National Mortgage News that in recent months sellers have become unrealistic in their asking prices, especially with home values continuing to be under pressure.
