Wells Fargo Reveals $50 Billion Servicing Sale as Market Revives

National Mortgage News, Apr. 17, 2023–Bonnie Sinnock (subscription)
Wells Fargo successfully marketed a $50 billion portfolio of rights from loans it serviced for others in the first quarter. That deal, combined with evidence that other portfolios have gone up for bid, show buying interest has been relatively strong despite some uncertainty surrounding financial institutions.