HomeStreet closes MSR sale to SunTrust

|By:, SA News Editor

HomeStreet (HMST) sells about 25% of its single-family mortgages serviced for others portfolio with the sale of MSRs with about $3B in UPB to SunTrust (STI). The sale is expected to results in an increase of about $5.4M in mortgage servicing income in Q2 for HomeStreet.