Citi#mortgage 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 Citi#mortgage completely exiting the #mortgage servicing business. Here’s a breakdown of how the deal works, and why Citi plans to leave #mortgage servicing behind. http://www.housingwire.com/articles/39069-heres-how-and-why-citimortgage-is-leaving-mortgage-servicing ❤️ #share #mortgage
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