ABN Amro Offers Master Servicing

ABN Amro Capital Markets, Boca Raton, Fla., has started offering master servicing in the market and was recently added to the Standard & Poor's Select Servicer List.As a master servicer, AMCAP monitors the sellers of mortgage loans who retain the servicing rights and obligations. AMCAP supports mortgage-backed securities deals by collecting payments from one or more of its underlying servicers and remitting that payment to a trustee for distribution to bondholders. Maria Fregosi, ABN Amro Mortgage Group's group vice president and capital markets manager, said master servicing will allow AAMG to diversify its origination sources beyond its traditional wholesale channel and facilitate bulk acquisitions that will give AAMG additional economies of scale to sell and securitize nonconforming mortgage products.