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Mortgage Assistance Center Buys $3.3 Million Loan Pool.(Brief article)

Mortgage Servicing News

| February 01, 2008 | COPYRIGHT 2008 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Dallas -- Mortgage Assistance Center Corp. has purchased a $3.3 million pool of residential assets.

"Our recent agreement this past October with a large Dallas-based investment fund, which provided for up to what is now $75 million in funding, has positioned us to take advantage of the many opportunities like this one in the distressed subprime market," said Ron Johnson, president and CEO of MAC, in a news release.

"We're ready to do business. We have the funds, the infrastructure, and an experienced, professional staff that's ...

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Source: HighBeam Research, Mortgage Assistance Center Buys $3.3 Million Loan Pool.(Brief article)

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