Market shift: HSBC offloads huge REO portfolio to Altisource

How to get a mortgage right now, even with bad credit

HUD, FHA programs abound for those hit by the recession

America’s housing not ready for ever-expanding over-50 population

Harvard/AARP Study: Housing lacks accessibility for boomers
W S
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