accountWhy is no one in Congress up in arms over the possibility of a half-a-billion-dollar bailout of Bank of America (BAC) last month?Early in August Fannie Mae (read: taxpayers) agreed to buy the mortgage servicing rights (MSRs) of a portfolio of 400 000 loans with an unpaid principal balance of $73 billion from Bank of America. In exchange for these rights to collect payments from homeowners in this...
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