January 08, 2013 at 15:18 PM EST
Bank Of America May Sell Another $100 Bil Loan Rights
Bank of America (BAC) plans to sell at least another $100 billion of mortgage collection rights within the next several weeks, Reuters said, quoting unnamed sources. The No. 2 U.S. bank by deposits on Monday said it would sell $215 billion in mortgage servicing assets to Nationstar Mortgage (NSM) for about $1.3 billion. Separately, Walter Investment (WAC) said Monday it would pay $519 million for a package of Bank of America loan servicing rights.
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here