NY Post: Bank Of America To Sell $1B In Troubled Mortgages

Posted by Orb Staff on December 13, 2010 No Comments
Categories : Residential Mortgage

Bank of America is looking to offload at least $1 billion of distressed mortgage assets, The New York Post reports.

Citing people familiar with the situation, the Post reports that Bank of America has already written off the loans. Bids on the assets are due by the end of the month, the Post adds.

Click here to read The New York Post article.

SOURCE: The New York Post

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