Mortgage Lenders Network USA Inc.

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GMAC-RFC Transfers MLN Subservicing to Wells

Feb 26, 2007By

ResCap’s GMAC-RFC said late Friday that it will transfer subservicing of loans currently being subserviced by troubled lender Mortgage Lenders Network USA, Inc. to Wells Fargo Home Mortgage, effective March 1. On January 29, Housing Wire reported that RFC had delivered notices terminating the servicing rights of Emax Financial Group, LLC and the subservicing rights of MLN with respect to loans serviced for RFC or its securitization trusts.

3d rendering of a row of luxury townhouses along a street

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