Wells Fargo has finalized the sale of a $50 billion block of mortgage-servicing rights (MSR), a deal that is expected to close later this year, according to bank officials.

One expert in the MSR sector, who asked not to be named, said the bidding for the offering appears to have closed in late February or early March.

“They [Wells Fargo] may have other deals in the market too,” the expert added, “but I’m not as familiar with that since they have been very selective about who these deals get shown to.”

Another individual active in the MSR market, who asked to remain anonymous as details ⇒

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