CSFB to acquire mortgage servicer

January 21, 2005, 12:00 a.m. EST 1 Min Read

SPS Holding Corp. has signed a letter of intent to be acquired by Credit Suisse First Boston unit DLJ Mortgage Capital. Additionally, as part of the agreement, SPS will enter into a servicing rights purchase agreement with CSFB to service mortgage loans totaling approximately $6 billion over the next twelve months. SPS expects to begin acquiring servicing rights from CSFB in the near future, according to a release.

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