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First Horizon Continues Mortgage Pullback

By PAUL JACKSON

Memphis-based First Horizon National Corp. (FHN: 10.36 +13.22%), the bank holding company for First Tennesse Bank, said Wednesday morning that it bank had sold mortgage servicing rights on $14 billion of first-lien mortgage loans owned or securitized by Fannie Mae (FNM: 0.6498 +4.81%) or Freddie Mac (FRE: 0.65 +6.56%). The move comes as First Horizon [...]

Full post as published by Housing Wire on January 28, 2009 (boomark / email).