Walker & Dunlop announced that it has agreed to buy the commercial mortgage servicing rights associated with a $3.8 billion servicing portfolio from Oppenheimer Multifamily Housing & Healthcare Finance, a subsidiary of Oppenheimer Holdings, according to Housing Finance's Donna Kimura.

The acquisition, which is expected to close on June 20, would make Walker & Dunlop (NYSE: WD) the largest Department of Housing and Urban Development (HUD) multifamily and health-care servicer in the United States. The company will use available capital to fund the approximately $45 million purchase price.

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