American Capital Mortgage Investment Buys Residential Credit Solutions

(RTTNews) - American Capital Mortgage Investment Corp. (MTGE) said Wednesday that, through a subsidiary, it has acquired Residential Credit Solutions, Inc., a licensed mortgage servicer based in Fort Worth, Texas.

Formed in 2006, Residential Credit Solutions has an experienced management team and a fully-developed, scalable infrastructure. It has obtained approvals from the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac) and the Government National Mortgage Association (Ginnie Mae) and the requisite state licenses to hold and manage mortgage servicing rights.