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Wells Fargo (WFC) is nearing the sale of its mortgage servicing rights while retaining customer...
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Monday, February 11, 4:11 PM ETWells Fargo (WFC) is nearing the sale of its mortgage servicing rights while retaining customer contact through sub-servicing, suggests Compass Point. The arrangement would be similar to that between Ocwen (OCN) and Home Loan Servicing (HLSS). Cerberus Mortgage's IPO filing on Friday discusses this sort of investment.
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