Flagstar to sell mortgage-servicing rights on $40.7B in loans
Crain's Detroit Business
30. The acquisition is expected to close before the end of the year. A key component of the transaction is that Flagstar will act as the sub-servicer on all the mortgage loans, which will result in the bank retaining some ancillary fees. “Today's ...
Flagstar Enters into Agreement to Sell Mortgage Servicing Rights