Mortgage servicing rights on more than $3 billion in government-sponsored enterprise loans have been acquired by an entity related to Walter Investment Management Corp.
An announcement Thursday said that Marix Servicing LLC has been approved to hold MSRs on $3.3 billion in Freddie Mac loans.
All of the
economic benefits associated with the MSRs were acquired by Tempe, Arizona-based Marix on Aug. 14. The loans are expected to be transferred on Sept. 16.
Marix is an affiliate of Walter Capital Opportunity Corp., a private mortgage real estate investment trust that is externally managed by Green Tree Management LLC — which, itself , is an indirect subsidiary of Walter Investment. Walter Capital is in the business of acquiring residential loans assets including MSRs, excess spread on MSRs, residential mortgage-backed securities and whole loans.
The statement said that loans in the pool
will be sub-serviced by Green Tree Servicing LLC, which is also an indirect subsidiary of Walter Investment.
Walter Investment previously announced that Green Tree Servicing has been merged into another of its subsidiaries, Ditech.
The sale of MSRs on an additional roughly $3.5 billion in loans are expected to close this week.
