Freedom Mortgage Hunts for Deals in Competitive Home Loan Market

Freedom Mortgage, a US mortgage lender, is seeking as much as $1 billion of private debt financing to pursue acquisitions of mortgage servicing rights, according to people with knowledge of the matter.

The nonbank lender is working with Jefferies Financial Group Inc., which is reaching out to potential lenders, said the people, who asked not to be identified discussing private information. Talks are ongoing and the terms of both the financing and potential purchases may change, the people added. Spokespeople for Freedom Mortgage and Jefferies declined to comment.

The capital raise comes as the $8 trillion US mortgage ...