Wells Fargo buys $51B in mortgage servicing rights from Seneca

TRD New York /
Sep.September 08, 2017 04:57 PM
Wells Fargo announced this week that it had purchased the servicing rights for approximately $51 billion in mortgages from Seneca Mortgage Investment. “Mortgage servicing is an attractive, core business for Wells Fargo, and this transaction provides an opportunity for us to strategically enhance our servicing portfolio,” said Franklin Codel, head of consumer lending for Wells Fargo. The deal is expected to close in the fourth quarter of this year. [Housing Wire]

Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Broward County (Credit: iStock)

Here are the top seller’s and buyer’s markets across the country

14-16 Fifth Avenue along Madison Square Park and Madison Realty Capital's Josh Zegen (Credit: Google Maps)

Madison Realty Capital planning condo by Madison Square Park

From left: renderings of 1 Propect Park West, 85 Jay Street and 98 Front Street in Brooklyn (Credit: StreetEasy)

The priciest Brooklyn condo filings of 2019

Adam Neumann and 78 Irving Place (Credit: Getty Images and StreetEasy)

Adam Neumann looks to sell Gramercy penthouse

Coming soon: The Real Deal’s 2020 Data Book

Coming soon: The Real Deal’s 2020 Data Book

arrow_forward_ios