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.
