More on the BofA (BAC) settlement: As rumored late Friday, the bank has sold the servicing rights on 2M mortgage loans with UPB of $306B. The winner looks to be Nationstar Mortgage (NSM) which says it has acquired $215B of the loans. Shares +1.7% premarket. A Nationstar competitor, Ocwen (OCN) -0.4% premarket.
Are you Bullish or Bearish on ?
Sentiment on ()
Thanks for sharing your thoughts.