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MTGE Investment unit sells mortgage servicing rights
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MTGE Investment Corp. subsidiary Residential Credit Solutions Inc. sold its remaining mortgage servicing rights, or MSRs, during the first half of the year.
Residential Credit is a Fort Worth, Texas-based mortgage servicer that has approvals from Fannie Mae and Freddie Mac to hold and manage MSRs and residential mortgage loans. In a regulatory filing dated March 31, MTGE Investment said its subsidiary contracted to sell the remaining MSRs during the first quarter.