Bank of America over the past 10 days tried – and failed – to sell roughly $50 billion of 'legacy' mortgage servicing rights, according to servicing advisors familiar with the auction.

 “The portfolio didn’t trade,” one servicing analyst told ASR sister publication National Mortgage News. The analyst, who requested his name not be used, added that BofA “is still working on it, but they weren’t happy with any of the bids.”

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