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Servicing

BofA MSR sale excludes loans in settlement

Bank of America’s mortgage servicing rights sale to Nationstar doesn’t include Countrywide RMBS involved in a pending $8.5 billion settlement negotiated in 2011 with 22 institutional investors, according to Kathy Patrick, an attorney for the bondholders at Gibbs & Bruns, and Dan Frahm, a BofA spokesman.

About 530 Countrywide trusts were covered by the 2011 settlement.

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