B of A Eyes Sale Of Servicing Rights

Bank of America is said to be looking to sell an estimated $35 billion portfolio of servicing rights on residential mortgages.

  • 08 Feb 2012

Bank of America is said to be looking to sell an estimated $35 billion portfolio of servicing rights on residential mortgages. Sources said the portfolio is made up of “mostly current” and “somewhat seasoned” loans with underlying collateral including mortgages backed by Freddie Mac.

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