IBM Mortgage Servicer Gets Fannie Mae Portfolio

22 Jan 2010

Wilshire Credit Corp., the mortgage servicer that IBM acquired last fall, reportedly will pick up a large servicing portfolio from Fannie Mae.

Wilshire Credit Corp., the mortgage servicer that IBM acquired last fall, reportedly will pick up a large servicing portfolio from Fannie Mae. Sources said the portfolio will up to “tens of billions of dollars of unpaid principal balance” out of the government lenders estimated $752 billion gross mortgage ...

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