Private Equity

RCS Receives Servicing Approval from Fannie Mae 

Growth continued onward Tuesday in the burgeoning third-party servicing market, with Fort Worth-based Residential Credit Solutions, Inc. announcing that it had received approval to service loans owned or guaranteed by Fannie Mae [stock FNM][/stock]. The company, backed by private equity firm Equifin Capital Partners and Och-Ziff Capital Management, is among a growing number of third-party servicers looking to establish market share in the so-called “high touch” servicing segment.