BofA to sell over $300 bln in mortgage servicing rights-sources
NEW YORK Jan 4 (Reuters) - Bank of America Corp is in talks to sell mortgage servicing rights on more than $300 billion of loans, according to two sources familiar with the situation.
Ocwen Financial Corp, Nationstar Mortgage Holdings and Walter Investment Management Corp are among the firms that are in talks to purchase a portion of the mortgage servicing rights, said the sources, who declined to be identified because they are not permitted to speak to the press.
It could not be determined how much each firm would buy or what they are paying for the MSRs.
Bank of America spokesman Dan Frahm said the company doesn't comment on "market rumor or speculation." Representatives of Nationstar, Ocwen and Walter did not immediately respond.
- South Korea recovers first bodies from inside sunken ferry |
- Japan expands army footprint for first time in 40 years, risks angering China
- Special Report: How the U.S. made its Putin problem worse
- Vice-principal of South Korea school in ferry disaster commits suicide |
- Mediator heads to east Ukraine, seeking surrenders |