American Capital Mortgage Investment Corp. Acquires Residential Credit Solutions, Inc.

American Capital Mortgage Investment Corp. Acquires Residential Credit Solutions, Inc.

PR Newswire

BETHESDA, Md., Dec. 4, 2013 /PRNewswire/ — American Capital Mortgage Investment Corp. (Nasdaq: MTGE) (“MTGE” or the “Company”) announced today that, through a subsidiary, it has acquired Residential Credit Solutions, Inc. (“RCS”), a licensed mortgage servicer based in Fort Worth, Texas.

“The acquisition of RCS, a highly-regarded mortgage servicer, marks a significant milestone for MTGE as it positions itself to meet the demands of the evolving mortgage market,” said Gary Kain, President and Chief Investment Officer, American Capital Mortgage Investment Corp., and an RCS Director. “RCS provides MTGE with flexibility and expands and diversifies MTGE’s investment capabilities by facilitating investments in mortgage servicing rights and whole loan portfolios. We are excited for this new phase for MTGE and look forward to partnering with the RCS team and its employees to source, acquire and manage such assets.”

“We believe that MTGE’s investment capabilities and capital base form a strong complement to our servicing operations and will provide new and attractive growth opportunities for RCS,” said Dennis Stowe, Chief Executive Officer of RCS. “We eagerly anticipate working with the MTGE team and executing upon our growth strategy.”

John Erickson, Executive Vice President and Chief Financial Officer, American Capital Mortgage Investment Corp., and an RCS Director, stated “We’re delighted to join together MTGE and RCS in this mutually beneficial strategic initiative. As private capital plays an increasing role in the mortgage market, we believe that there will be many attractive opportunities and that these broader capabilities will provide us with the competitive advantage necessary to realize value for our shareholders.”

Formed in 2006, RCS has an experienced management team and a fully-developed, scalable infrastructure. RCS has obtained approvals from the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac) and the Government National Mortgage Association (Ginnie Mae) and the requisite state licenses to hold and manage mortgage servicing rights (MSRs).

ABOUT RESIDENTIAL CREDIT SOLUTIONS, INC.
Residential Credit Solutions Inc. is an integrated residential mortgage investment and servicing company based in Fort Worth, Texas. RCS is a fully licensed, agency-rated and approved servicer. RCS’ special servicing infrastructure has a proven effectiveness in resolving sub and non performing mortgages with significant available capacity and scale to effectively manage mortgages at all stages of performance. For more information about RCS, please refer to www.ResidentialCredit.com.

ABOUT AMERICAN CAPITAL MORTGAGE INVESTMENT CORP.
American Capital Mortgage Investment Corp. is a real estate investment trust that invests in and manages a leveraged portfolio of agency mortgage investments, non-agency mortgage investments and other mortgage-related investments. The Company is externally managed and advised by American Capital MTGE Management, LLC, an affiliate of American Capital, Ltd. (“American Capital”). For further information, please refer to www.MTGE.com.

ABOUT AMERICAN CAPITAL
American Capital, Ltd. (Nasdaq: ACAS) is a publicly traded private equity firm and global asset manager. American Capital, both directly and through its asset management business, originates, underwrites and manages investments in middle market private equity, leveraged finance, real estate, energy & infrastructure and structured products. American Capital manages $20 billion of assets, including assets on its balance sheet and fee earning assets under management by affiliated managers, with $117 billion of total assets under management (including levered assets). Through an affiliate, American Capital manages publicly traded American Capital Agency Corp. (Nasdaq: AGNC) with approximately $10 billion of net book value and American Capital Mortgage Investment Corp. (Nasdaq: MTGE) with approximately $1 billion of net book value. From its eight offices in the U.S. and Europe, American Capital and its affiliate, European Capital, will consider investment opportunities from $10 million to $750 million. For further information, please refer to www.AmericanCapital.com.

CONTACT:
Investor Relations — (301) 968-9220

SOURCE American Capital Mortgage Investment Corp.

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