DALLAS - Associates National Mortgage Corp. has agreed to buy $2.5 billion of servicing rights from U.S. Bancorp Mortgage Co.

The servicing portfolio of Associates, which is part of a finance company owned by Ford Motor Co., will reach $10 billion at the completion of the sale, expected in August. Terms were not disclosed.

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.