Wells Fargo (WFC) is nearing the sale of its mortgage servicing rights while retaining customer...

|About: Wells Fargo & Co. (WFC)|By:, SA News Editor

Wells 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.