Quicken Buys Balance Of Ally Servicing Rights

Quicken Loans has agreed to buy the balance of Ally Financial’s servicing rights portfolio in a deal valued at roughly $280 million.

  • 21 Mar 2013

Quicken Loans has agreed to buy the balance of Ally Financial’s servicing rights portfolio in a deal valued at roughly $280 million. The transaction includes $34 billion of non-delinquent Fannie Mae and Freddie Mac mortgages.

Click here to read the story from Reuters.

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