Countrywide Credit Industries, angling to become the largest mortgage servicer in America, is opening a servicing facility on 18 acres in Plano, Tex.

The California company said it has bought a 253,000-squarefoot office building there from Franklin Life, a unit of American Brands, for $19.25 million.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.