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Wells Fargo & Co (NYSE:WFC) shares are trading slightly lower today. The company agreed to sell the non-agency third-party servicing segment of its Commercial Mortgage Servicing business to Trimont for an undisclosed amount. Wells Fargo will retain servicing for Agency/GSE loans and loans on its balance sheet. The deal is expected to close in early 2025, pending customary closing conditions. Kara McShane, Executive Vice President and head of Wells Fargo Commercial Real Estate, said, “This transaction is consistent with Wells Fargo’s strategy of focusing on businesses that are core to our consumer and ...


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