1 minute readMountain Funding, an investor in distressed real estate debt portfolios, entered into an agreement with GMAC-ResCap’s Business Capital Group to provide asset servicing and consulting advice for the real estate owned (REO) assets in their portfolio, a spokesman for GMAC said. ResCap, the fifth largest servicer in the nation, will continue to provide servicing for a portfolio of roughly 2.6m mortgage loans. As a result of the agreement, Mountain Special Servicing becomes a major asset manager of REO and and non-performing loan (NPL) assets, and its parent Mountain Funding will able to streamline its underwriting and bidding on distressed debt portfolios, says Peter Fioretti, Mountain Funding’s CEO in the press release. Mountain Funding absorbed 14 senior management and real estate professionals from GMAC’s REO asset management group as per the agreement, according to the release. Mountain Special Servicing combines the servicing agreement with its existing portfolio to total 90 assets under management, more than $1bn in unpaid principal balance. Write to Jon Prior.
Jon Prior was a reporter with HousingWire through late 2012.see full bio
Most Popular Articles
RE/MAX accelerates real estate innovation with AI and technology
RE/MAX is accelerating the integration of AI and cutting-edge technology to transform how agents engage with clients, generate leads, and deliver results. Initiatives like Max AI, MaxRefer, MaxEngage, and HomeView leverage real-time data, personalized marketing, and AI-driven tools to streamline the homeownership experience and empower its agents. Leading this innovation is Travis Saxton, EVP of Strategy at RE/MAX, who has spearheaded the rollout of these technologies, including AI-powered training through Sky AI and SkyStudio, redefining the future of real estate by combining human connection with next-generation tools.
Nov 17, 2025 3:44 am
Latest Articles
From resilience to antifragility: Rethinking cybersecurity for real estate and mortgage professionals
In information security, we’ve long spoken about resilience. The goal has been to withstand an attack, recover quickly, and return to business as usual. But in today’s environment—where attackers adapt and evolve daily—resilience is no longer enough. We must go further. We must embrace antifragility.
-
From local to global: RE/MAX’s Chris Lim on the next era of real estate relationships
-
Stop marketing like it’s 2008: You’re invisible
-
RE/MAX accelerates real estate innovation with AI and technology
-
Retirement plans for small-business owners have visible generational gaps
-
VA loans rise as housing market shifts toward buyers
Jon Prior was a reporter with HousingWire through late 2012.see full bio
