One of the nation's fastest-growing mortgage companies, citing competitive pressures, is retreating from the business.

Citizens Mortgage Corp., which jumped to 40th place from 56th among the nation's loan servicers in the first half of this year, plans to sell its $12 billion servicing portfolio, exit wholesale lending, close its Atlanta headquarters, and seek a partner for its retail lending.

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.