" American Home Mortgage Servicing Inc., owned by billionaire investor Wilbur Ross, has picked up a sizeable servicing portfolio from Citigroup, Inc. (C: 3.56 +2.01%); the acquisition will make the Irving, Tex.-based servicing platform the largest third-party servicer in the nation. Ross broke the news of the acquisition on CNBC’s Squawkbox program early Thursday morning, although industry sources have been buzzing privately about the deal for well over a month now."

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