Industry News

Hibernia to sell mortgage servicing portfolio to CitiMortgage

Co. anticipates some positions to be cut
Published on Aug 20, 2004

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by CareyBot

Hibernia has announced it is selling its approximately $10 billion, third-party residential mortgage-servicing portfolio to CitiMortgage. Financial terms were not disclosed. Hibernia will continue to originate home loans after the sale. The company for some time had been considering its ...