Residential Funding Company to Transfer Servicing of Mortgages Serviced by MLN |
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By: Residential Capital, LLC Posted: 2007-01-26 20:50:31 |
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Residential Funding Company, LLC ("RFC"), formerly known as Residential Funding Corporation, in its capacity as master servicer, delivered notices terminating the servicing rights of Emax Financial Group, LLC ("EMAX") and subservicing rights of Mortgage Lenders Network USA, Inc. ("MLN") with respect to loans serviced for RFC or its securitization trusts. MLN had previously agreed to the termination of the subservicing agreement between MLN and EMAX as noted in the current report on Form 8 - K filed with the Securities and Exchange Commission on January 4, 2007. Residential Funding Company, LLC is an indirect wholly owned subsidiary of Residential Capital, LLC.
About Residential Capital, LLC Residential Capital, LLC(http://www.rescapholdings.com ) is a leading real estate finance company, focused primarily on the residential real estate market in the United States, Canada, Europe, Latin America and Australia. The company's diversified businesses -- GMAC-RFC, GMAC Mortgage, ditech.com, and Homecomings Financial -- cover the spectrum of the U.S. residential finance industry, from origination and servicing of mortgage loans through their securitization in the secondary market. It also provides capital to other originators of mortgage loans, residential real estate developers, resort and timeshare developers and healthcare companies. Residential Capital, LLC is an indirect wholly owned subsidiary of GMAC LLC. |
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