Wilshire Credit Corp., Beaverton, Ore., is talking to Fannie Mae about becoming a "force-placed" servicer for the GSE, according to investment banking sources familiar with the situation.

A Fannie Mae official had no comment and Wilshire did not return a telephone call about the matter.

A source close to the situation noted that Fannie is talking to IBM — which recently bought Wilshire's operating assets — about a contract of some type but declined to elaborate.

IBM bought Wilshire from Bank of America (BofA) in October.

Merrill Lynch, now a part of BofA, bought Wilshire earlier in the decade.

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.