Bank of America Corp.’s plan to sell the insurance unit it acquired with Countrywide Financial Corp. may result in it liquidating properties faster after homeowners stop paying on debt underlying mortgage bonds, according to Amherst Securities Group analyst Laurie Goodman. Loans underlying Countrywide’s securities without government-backed guarantees have been slower to liquidate than those managed by other servicers, according to analysts at JPMorgan Chase & Co., Barclays Plc and Amherst, an Austin, Texas-based broker of securitized debt.
BofA mortgage liquidations may jump on unit sale, Goodman says
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