HSBC Transfers $52B of MSRs, Staff to PHH

HSBC Bank USA said that it has inked a deal to transfer roughly $52 billion of residential servicing rights to PHH Corp., adding that no money will change hands in the transaction.

Article source: http://www.nationalmortgagenews.com/dailybriefing/hsbc-transfers-phh-1030275-1.html

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