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Bucking Trend, SunTrust, Flagstar Stockpile Mortgage Servicing Rights

Bucking Trend, SunTrust, Flagstar Stockpile Mortgage Servicing Rights

Banks are dumping their mortgage servicing rights because low rates and new rules make it hard to earn a profit. SunTrust, Flagstar and First South Bancorp in North Carolina are taking the opposite view.

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