Temple-Inland announced that it is selling its $8 billion portfolio of mortgage servicing rights. Selling this asset will further reduce costs, earnings volatility and exposure to changing market conditions, the company said. Temple-Inland (Austin, TX) is a major building products and packaging manufacturer with a financial services subsidiary, Guaranty Residential Lending. The sale of the firm’s MSR is part of a strategy announced last month to reposition its mortgage activities. …