Rising interest rates continue to spur consolidation in the mortgage servicing business.

The home loan unit of PNC Bank Corp. is expected to announce today an exclusive "flow" agreement with Dime Bancorp's North American Mortgage Co. subsidiary. North American will sell the servicing rights on all of its conventional loan production - some $15 billion of loans - over the next 16 months.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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