Zais Financial Corp., a real estate investment trust in Red Bank, N.J., has acquired the privately owned mortgage company GMFS in Baton Rouge, La., for approximately $61 million.

GMFS originates and services residential mortgage loans primarily in the south. The company is licensed as a mortgage banker in 29 states and currently originates loans that are eligible to be purchased, guaranteed or insured by Fannie Mae, Freddie Mac, the Federal Housing Administration, Department of Veterans Affairs and the Department of Agriculture through retail, correspondent and broker channels.

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