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Arbor National Commercial Mortgage

National Arbor Day Foundation Commercial (1986)

Television commercial for trees from The National Arbor Day Foundation. (1986)

Arbor Realty Trust Inc: Leon Cooperman's Cooperman Leon G Makes Purchase

Raymond James Svcs Advsr invested in 0% or 13,011 shares. Magnetar Fincl Ltd Liability Company stated it has 66,081 shares or 0.01% of all its holdings. California Employees Retirement owns 207,489 shares or 0% of their US portfolio. Clarivest Asset Mngmt Ltd Liability Com accumulated 549,279 shares. Advisory Svcs Networks Lc holds 2,824 shares or 0% of its portfolio. Alpine Woods Capital Investors Ltd Liability Company invested 0.09% in Arbor Realty Trust, Inc. (NYSE:ABR). Barclays Public Ltd reported 132 shares or 0% of all its holdings. Ubs Asset Management Americas reported 16,000 shares. 98,364 are held by Schwab Charles Investment. 2.14 million were accumulated by Fmr Lc. Connor Clark & Lunn Investment Mgmt invested in 0.03% or 594,025 shares. Credit Suisse Ag holds 0% in Arbor Realty Trust, Inc. (NYSE:ABR) or 37,950 shares. National Bank Of America De has invested 0% of its portfolio in Arbor Realty Trust, Inc. (NYSE:ABR). Goldman Sachs reported 11,365 shares or 0% of all its holdings. Ameriprise Fincl Inc holds 257,775 shares or 0% of its portfolio.

Wells Fargo acquires $51 billion in mortgage servicing rights

The acquisition comes as Wells continues to navigate a reputational crisis, amid a string of scandals in its retail bank. The San Francisco company's once-marquee brand has remained tarnished over the past year by revelations that employees created as many as 3.5 million fake accounts.

In some ways, the deal marks the beginning of a new chapter for Wells' mortgage servicing unit, which services a portfolio of about $1.5 trillion as of June 30.

Wells was one of several big banks restricted in the wake of the crisis from buying mortgage servicing rights, under an agreement with the Office of the Comptroller of the Currency. That agreement was terminated in May 2016.

The deal announced Thursday may represent a key test of the technology and procedures that Wells has implemented since then to onboard and service new mortgage customers.

Wells Fargo services its mortgages with Loansphere MSP, a servicing system of record from vendor Black Knight Financial Services that handles more than half of all outstanding mortgages in the U.S. Nationstar uses a proprietary servicing system of record. Servicing transfers between two MSP users are generally easier to complete than moving loans between different systems because the data and file formats are similar.