American Capital Mortgage Investment Buys Residential Credit Solutions

American Capital Mortgage Investment Corp., Bethesda, Md., has acquired Fort Worth, Texas-based Residential Credit Solutions Inc. through a subsidiary in a transaction with undisclosed terms.

The move will facilitate investments in mortgage servicing rights and whole loan portfolios, Gary Kain, president and chief investment officer, American Capital Mortgage Investment Corp., and an RCS director, said in a press release Wednesday.

We believe that MTGE’s investment capabilities and capital base form a strong complement to our servicing operations,” said Dennis Stowe, CEO of RCS.

Article source: http://www.nationalmortgagenews.com/dailybriefing/American-Capital-Mortgage-Investment-Buys-Residential-Credit-Solutions-1040137-1.html

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