With the addition of the $34 billion in servicing from Ally Bank, the company is expected to grow to be a top-10 servicer by mid-year.“We have not been bashful in making the market aware of our interest in acquiring servicing rights,” said Bill Emerson, Chief Executive Officer of Quicken Loans. In the last year, the company has aggressively built a $90 billion mortgage servicing portfolio, making it the nation’s 17 th largest servicer. The servicing pool is comprised of non-delinquent Freddie Mac and Fannie Mae-backed mortgages that currently have higher-than-market interest rates which could substantially benefit from refinancing.The acquisition, expected to close in the second quarter following approvals from Fannie Mae and Freddie Mac, will dramatically increase Quicken Loans’ servicing footprint. Today announced the purchase of approximately $34 billion in mortgage servicing rights from Ally Bank.
![]() ![]() Quicken Home And Business 2011 Mac And Fannie
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