In a big year for the mortgage industry, GMAC Mortgage Group may have had the biggest year of all.

The Horsham, Pa.-based unit of General Motors Acceptance Corp. bought a $28 billion loan servicing portfolio from Wells Fargo & Co. in April and a $38 billion portfolio from Capstead Mortgage Corp., Dallas, in October. Wells, which no longer originates its own loans, was retreating further from the mortgage business, while Capstead had been stung by an $11.8 million loss on the portfolio in the third quarter.

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.