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Apr 17, 2013, 14:15 ET
Ally Bank Completes Sales of Mortgage Servicing Rights
Ally Bank, the direct banking subsidiary of Ally Financial Inc., today announced that it completed the sales of approximately $115 billion in unpaid principal balance (UPB) of agency mortgage servicing rights (MSR) to Ocwen Financial Corp. and Quicken Loans, Inc. In total, Ally Bank has...
More news about: Ally Financial , Ally Bank , Ocwen Financial Corp. , Quicken Loans, Inc.
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Mar 21, 2013, 09:00 ET
Quicken Loans Announces Agreement to Acquire $34 Billion in Mortgage Servicing Rights from Ally Bank
Detroit-based Quicken Loans Inc. today announced the purchase of approximately $34 billion in mortgage servicing rights from Ally Bank. The servicing pool is comprised of non-delinquent Freddie Mac and Fannie Mae-backed mortgages that currently have higher-than-market interest rates...
More news about: Quicken Loans Inc.
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