FHFA announces 2016 conforming loan limits

FHFA announces 2016 conforming loan limits

Much of U.S. left unchanged; limits increase in 39 ‘high-cost’ counties

Game changer? Quicken Loans takes mortgage lending fully digital

Launches Rocket Mortgage

Google launches mortgage comparison tool with Zillow

LendingTree will also bring mortgages to Google
Investments / The Ticker

Wells Fargo looks to sell $41 billion in MSRs

money zipper
/ Print / Reprints /
| Share More
/ Text Size+

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
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus