It’s Official: Fannie Inked Deal to Buy MSRs From B of A

For several months Fannie Mae has insisted that it’s not in the servicing business, but a recent 10-Q filing by the government-owned GSE reveals that it agreed to buy $74 billion of MSRs from Bank of America in the third quarter. No purchase price was disclosed.

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_488/fannie-buy-msrs-b-of-a-1027686-1.html

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