Wells Fargo could sell servicing rights on $41B in mortgages

09/12/2013 | Bloomberg

Wells Fargo plans to sell mortgage-servicing rights on $41 billion in loans, sources say. Chief Financial Officer Tim Sloan told investors earlier this week that the bank was considering such sales for loans to mortgage-only customers as a risk-management practice. Bank of America, Ally Financial and other lenders also have been selling servicing rights.

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