Credit-Based Asset Servicing and Securitization (C-BASS) founders Bruce Williams and Saul Sanders have formed a new company with the working title of 'Shellpoint' to purchase and securitize jumbo residential lenders, industry sources confirmed to National Mortgage News.

However, it's unclear when this secondary market conduit will launch, and according to one official familiar with their plans, the course they take — and how quickly they move — will depend on how regulators write the final rules on MBS issuance and risk retention.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.