Prudential Home Mortgage, seeking to turn an asset into hard cash, is preparing to sell a $5 billion chunk of its $77 billion servicing portfolio.

This is a new tack for Prudential, according to Thomas Wind, senior vice president of risk management at the Clayton, Mo., mortgage lender. Well-capitalized mortgage services like Prudential have generally sought to build up servicing portfolios in order to generate maximum economies of scale.

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