Big banks' apparently keen interest in GE Capital's mortgage banking operation suggests that consolidation in mortgage servicing is heading into a new phase.

Citicorp has emerged as the leading candidate to buy GE Capital Mortgage Services, sources said. And Chase Manhattan Corp. has also been mentioned as a potential buyer, along with at least six other companies.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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