Wells Fargo Enters into Agreement with Trimont to Sell the Non-Agency Third-Party Servicing Segment of its Commercial Mortgage Servicing Business
Well this is one way to down size. The Bloomberg article scopes how big of a deal this sale is. "Wells Fargo & Co. agreed to sell most of its commercial mortgage servicing business to Trimont LLC, ceding the title of biggest US commercial and multifamily mortgage servicer to the Atlanta-based firm."
Link: https://newsroom.wf.com/English/news-releases/news-release-details/2024/Wells-Fargo-Enters-into-Agreement-with-Trimont-to-Sell-the-Non-Agency-Third-Party-Servicing-Segment-of-its-Commercial-Mortgage-Servicing-Business/default.aspx