Mortgage servicers perform billing and collections on home loans and handle foreclosures when borrowers default. Bank of America had $1.1 trillion in loans serviced for investors at Sept. 30, down from $1.4 trillion at the end of 2011. About half that amount, or $500 billion, could be available for sale, Henry Coffey, an analyst with Sterne Agee & Leach Inc., wrote in a November research note.
Tuesday, January 08, 2013
BofA May Sell Contracts on $300 Billion in Loans, Reuters Says - Bloomberg
BofA May Sell Contracts on $300 Billion in Loans, Reuters Says - Bloomberg
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