Cases and Deals
Deal

HSBC Sells Rights to Service a Portfolio of Fannie Mae DUS Loans to Regions Bank

Blank Rome represented HSBC Bank, a financial institution that serves customers through retail banking and wealth management, commercial banking, private banking, asset management, and global banking and markets segments, in its sale of the rights to service a portfolio of Fannie Mae’s Delegated Underwriting and Servicing (“DUS”) loans to Regions Bank. Fannie Mae consented to the transaction. The transaction closed on July 18, 2014 and the terms were undisclosed.