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Surviving Foreclosure

IBM Corporation Announces Agreement To Acquire Wilshire Credit Corporation Assets From Bank of America Corporation

IBM Corporation Announces Agreement To Acquire Wilshire Credit Corporation Assets From Bank of America Corporation
October 5, 2009
IBM Corporation announced that its mortgage servicing subsidiary has signed an agreement with Bank of America Corporation to acquire the core operating assets of Wilshire Credit Corporation, including the Wilshire mortgage servicing platform, and hire Wilshire’s approximately 900 employees. Terms of the transaction were not disclosed. Wilshire’s operating assets will become part of IBM’s Lender Business Process Services, Inc. business unit, a wholly-owned subsidiary  of the IBM Corporation. Terms of the deals were not disclosed.
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December 30, 2009 - Posted by | Wilshire Credit Corporation

1 Comment »

  1. I wonder how this aquisition will affect our credit reports? How does this affect pending lawsuits? The terms of the deal have not been made available yet. I’ll be monitoring this.

    Comment by foreclosuresurvivor | December 30, 2009 | Reply


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