NovaStar to sell mortgage loan servicing rights for $175 million
Story date: 2007-10-16 03:36:00
Added on: 2007-10-16 22:00:19
KSLA - Fort Worth, Texas-based Saxon will take over the responsibility of servicing mortgage loans NovaStar made and sold to investors through securitized bonds. The servicing agency receives a fee for servicing those loans on behalf of the investors. The ...
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