After months of denials, Weyerhaeuser Co. has announced that its mortgage subsidiary may be on the block.

Weyerhaeuser, the nation's third-largest forest products company, said Monday that it had hired the New York investment banking firm Goldman, Sachs & Co. to explore options regarding the future of Weyerhaeuser Mortgage.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.