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SEP 13, 2013 - Washington Business Journal

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Wells mortgage sale could boost Walter Investment

On the heels of an upbeat investor presentation outlining gains at Walter Investment Management Corp., more business could be headed Walter’s way. Wells Fargo & Co. will sell mortgage-servicing rights on $41 billion in loans, according to a report from Bloomberg. The rights are for government-backed home loans, Bloomberg said, quoting unidentified sources. Wells Fargo (NYSE: WFC), the biggest U.S. home lender, considers them “non-core” because the borrowers have few other products from the…

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