It may be a buyer's market for residential servicing rights but that isn't stopping mortgage banking firms from unloading their legacy housing receivables in an attempt to clean up their balance sheets.

Last week Aurora Loan Services finally unloaded its $66 billion MSR portfolio to Nationstar and at press time rumors were circulating that Ally Financial was talking to several potential investors about taking on $80 billion in receivables housed at Residential Capital Corp. (ResCap)/GMAC.

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