BofA Mods, Short Sales at Brisk Pace

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MORTGAGE EXPERT
7 · 23 · 11

LOS ANGELES — Bank of America Home Loans is completing modifications and short sales faster than it is receiving them, according to the chief executive officer of its Charlotte, N.C.-based parent. The company has 35,000 employees servicing distressed borrowers, and it is using distressed servicers as part of a settlement with mortgage-backed securities investors.

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