B of A Marks Down MSRs by 36%, But MB Unit Earns Money

Bank of America marked down the asset value of its residential servicing portfolio by a stunning 36% in the third quarter, but managed to post mortgage banking income of $1.8 billion during the period.

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_455/b-of-a-marks-down-msrs-1027024-1.html

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