Swiss bank UBS Group AG has decided to sell Credit Suisse’s mortgage servicing company, Select Portfolio Servicing (SPS), to a group of investors led by Sixth Street, HousingWire has learned. Investment firm Davidson Kempner Capital Management is a co-investor. 

Representatives at Credit Suisse, Davidson Kempner and Sixth Street declined to comment. Bloomberg first reported on the buyers’ names based on anonymous sources.

Sources told HousingWire that Salt Lake City-based SPS is a well-established mortgage servicing company, but Credit Suisse has been trying to sell it for a while. details ⇒

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