Remove 11 15 mr-always-right
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Rumors, rumors everywhere, but no Wells Fargo MSR deal — so far

Housing Wire

Market speculation that Wells Fargo is contemplating a huge bulk sale of mortgage servicing rights (MSRs) may well be a case of a rumor that is all hat and no cattle. billion as of the end of 2022, U.S. Sometimes they [the rumors] are right. billion in 2022 — which was marked by major run-up in interest rates.

Buyers 345
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“Last night, my Uber driver was a loan officer.”

Housing Wire

Rising interest rates, sparked by Federal Reserve tightening policies, is the primary cause of the mortgage-finance industry’s pain right now. Last week, mortgage lender and servicer Mr. Cooper disclosed that it was laying off some 800 staff. . filed for Chapter 11 bankruptcy. [In