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  • Answer You - Wells Fargo to Buy WaMu's Mortgage Servicing Portfolio

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    Wells will additionally acquire WaMu's Milwaukee servicing operat

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    Wells Fargo announced Wednesday that it will purchase Washington Mutual's government mortgage servicing portfolio. Wells Fargo will also purchase a portion of WaMu's conforming, fixed-rate portfolio.

    The total servicing portfolio after the transaction is complete will be $692 million, and affect 4 million customers with outstanding principal balances.

    Wells will additionally acquire WaMu's Milwaukee servicing operati

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    ortgage servicing portfolio. Wells Fargo will also purchase a portion of WaMu's conforming, fixed-rate portfolio.

    The total servicing portfolio after the transaction is complete will be $692 million, and affect 4 million customers with outstanding principal balances.

    Wells will additionally acquire WaMu's Milwaukee servicing operat

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    ming, fixed-rate portfolio.

    The total servicing portfolio after the transaction is complete will be $692 million, and affect 4 million customers with outstanding principal balances.

    Wells will additionally acquire WaMu's Milwaukee servicing operat

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    s complete will be $692 million, and affect 4 million customers with outstanding principal balances.

    Wells will additionally acquire WaMu's Milwaukee servicing operat

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    Wells will additionally acquire WaMu's Milwaukee servicing operation. No terms of the deal were disclosed.

    Washington Mutual has expressed an interest to focus on more profitable products and businesses, and not on the slowing mortgage industry. Mortgage servicing is the business of collecting mortgage payments from borrowers while providing customer service.

    Wells Fargo has been expanding its mo

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