US braces for a correction

Muolo, Paul
November 2006
Mortgage Strategy;11/27/2006, p26
Trade Publication
The article focuses on the ABN Amro Mortgage Group Inc. which declined to comment on the rumors and speculation which state that the wholesale lender is planning to sell its US mortgage division. The industry is bracing itself for a correction that could result in several lenders leaving the business either through mergers and acquisitions or failure. ABN's wholesale unit has been aggressively bidding on bulk servicing portfolios (mortgage receivables) and that could suggest that it is not planning on leaving the US mortgage business.


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