Marix Acquisition to Create Top 10 Subprime Mortgage Servicer
By Heather Hill Cernoch | 08/30/2010
Marix Servicing LLC, a Phoenix, Arizona-based specialty mortgage servicer, will be acquired by Walter Investment Management Corp. through an agreement with Marix's parent company Marathon Asset Management. The acquisition, which is expected to close in the next 30 to 60 days, will create one of the nation's top 10 servicers of subprime mortgages.
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