0 minute readThe 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.
Articles written by HousingWire Staff are non-bylined, and typically involve press release coverage and aggregation of coverage appearing elsewhere. So who put all these together? Our entire staff does!see full bio
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Articles written by HousingWire Staff are non-bylined, and typically involve press release coverage and aggregation of coverage appearing elsewhere. So who put all these together? Our entire staff does!see full bio
