Here’s how and why CitiMortgage is leaving mortgage servicing

CitiMortgage surprised few in the housing business on Monday when it announced that it agreed to a massive mortgage servicing rights deal with New Residential Investment and Nationstar Mortgage. As it often is with deals of this type, the devil is in the details. And one of the details of this deal is that the MSR sale is a precursor to CitiMortgage completely exiting the mortgage servicing business. Here’s a breakdown of how the deal works, and why Citi plans to leave mortgage servicing behind.
Real Estate Lawyer Indianapolis Indiana
Jynell Berkshire

Ms. Berkshire is the founding attorney of BERKSHIRE LAW. Ms. Berkshire is a seasoned attorney who focuses her practice on real estate and business law, government relations, and certified business enterprises services. Read More >

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