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  • Fidelity National Financial acquires Hudson & Marshall

    ServiceLink, the provider of transaction services to the mortgage and finance industries, is getting into the auction business thanks to its parent company buying one of the country’s top auction companies. On Monday, Fidelity National Financial, the title insurance giant and parent company of ServiceLink, announced that it acquired Hudson & Marshall. Click the headline to read more.

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Wells Fargo looks to sell $41 billion in MSRs

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Citing Bloomberg News, Seeking Alpha reported Thursday that Wells Fargo (WF) is looking to sell mortgage servicing rights on $41 billion loans. Seeking Alpha released a small brief on the deal:

Banks have been unloading mortgage servicing rights as new capital rules make them too expensive to hold. Specialty servicers like those mentioned above have been happy buyers. For Wells, the move would free up capital, as well as provide an opportunity to book profits to offset the big slowdown in its mortgage origination business.

Source: Seeking Alpha
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