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>> WELLS FARGO Latest News

SEP 13, 2013 - Washington Business Journal

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Wells Fargo selling mortgage servicing rights, say sources

Wells Fargo & Co. (WFC) will sell mortgage-servicing rights on $41 billion of loans, according to Bloomberg citing sources briefed on the process. Here's more from Bloomberg: The rights are for government-backed home loans, according to one of the people, both of whom asked for anonymity because they weren’t authorized to speak publicly about the transaction. The contracts relate to borrowers Wells Fargo identifies as “non-core” because they have few other products from the bank, the…

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