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MTGE Investment unit sells mortgage servicing rights


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MTGE Investment unit sells mortgage servicing rights

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.