The U.S. fourth-largest bank Wells Fargo & Co. may consider selling mortgage servicing rights without facing any pressure on capital, bank's chief financial officer Tim Sloan said in a statement during an investor conference.
The bank has been delighted to know about the developing market for the buying and selling of collection rights for mortgage loans, Sloan stated. These assets have been sold by a number of large banks because of the fact that they are receiving treatment under new international rules for capital.Sponsor Content
Wells Fargo CFO says firm considering MSR sale
Source: IVC Post