Seeking Alpha

Bank of America (BAC) is looking to sell mortgage servicing rights on another $100B in loans,...

Bank of America (BAC) is looking to sell mortgage servicing rights on another $100B in loans, reports Reuters. This follows yesterday's sale of $306B in MSRs that sent the buyers - Nationstar (NSM) and Walter Investment (WAC) - racing higher. Perhaps it's Ocwen's (OCN +2%) turn to get a piece.
Comments (4)
  • MexCom
    , contributor
    Comments (3043) | Send Message
     
    Sounds like getting rid of busy work and firing more people.
    8 Jan 2013, 11:16 AM Reply Like
  • Richard_Davet
    , contributor
    Comments (15) | Send Message
     
    Sounds like and looks like and is a thinly veiled attempt to unload liability on some nonames.

     

    BAC says they are "highly rated"...............give me a break!
    8 Jan 2013, 12:52 PM Reply Like
  • Richard_Davet
    , contributor
    Comments (15) | Send Message
     
    Expert in "GSE Business Model"
    8 Jan 2013, 12:53 PM Reply Like
  • onewhatsbeendonebefore
    , contributor
    Comments (145) | Send Message
     
    8 BILLION DOLLARS to lose watch your credit balances and credit card fees they will be grabbing it all from sucker who bank with them next month Closed my CC and accounts ages ago. Watch out there is a BAC tumble ahead the light at the end of the tunnel is the Henry Paulson G Bush atomic train heading for you. Get out now if you can its been forecast BY ME as a very troubled BUMPY RIDE as in crematorium. Lousy cheating rotten scummy BANKSTERS!

     

    Good put and short prospect it could pay your mortgage off plus car loans for your whole CITY!
    9 Jan 2013, 09:06 AM Reply Like
DJIA (DIA) S&P 500 (SPY)