Reuters Exclusive: Bank of America to sell mortgage servicing rights on $100 billion

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Reuters Exclusive: Bank of America to sell mortgage servicing rights on $100 billion

Reuters Exclusive: Bank of America to sell mortgage servicing rights on $100 billion

Reuters-

Bank of America Corp is looking to sell collection rights on at least another $100 billion of mortgages in the wake of announcing a sale of about $300 billion of the assets on Monday, according to two sources familiar with the situation.

The bank said Monday that it is selling $215 billion of collection rights to Nationstar Mortgage Holdings for $1.3 billion and another $93 billion of the assets to Walter Investment Management for $519 million.

[REUTERS]

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