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BRIEF-Wells Fargo acquires about $51 bln in mortgage servicing rights
September 7, 2017 / 4:43 PM / 3 months ago

BRIEF-Wells Fargo acquires about $51 bln in mortgage servicing rights

Sept 7 (Reuters) - Wells Fargo & Co:

* Wells Fargo acquires approximately $51 billion in mortgage servicing rights

* Additional financial details regarding transaction were not disclosed

* Loans underlying MSRS are conventional/conforming loans guaranteed by Fannie Mae or Freddie Mac​

* ‍MSRS will be reflected in company’s Q3 results​

* Has acquired approximately $51 billion in mortgage servicing rights from Seneca Mortgage Investment​ Source text for Eikon: Further company coverage:

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