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FHFA Defends BofA Servicing Sale to Fannie

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CHARLOTTE, N.C. — Bank of America Corp.’s sale of mortgage servicing rights to Fannie Mae, a transaction that spurred a congressional inquiry last week, “made sense for both companies,” the regulator of the government-controlled mortgage giant told reporters Monday.

This wire news service story is no longer available.

However a copy might still be available at www.charlotteobserver.com

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