Investments

Wells Fargo looks to sell $41 billion in MSRs

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.

Most Popular Articles

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please