Bank of America (BofA) over the past two weeks has unloaded roughly $12.4 billion of legacy mortgage servicing rights, selling most of it to Nationstar Mortgage, Lewisville, Texas.

Nationstar will acquire $10.4 billion of GSE-related MSRs for an undisclosed price, partnering with Newcastle Investment Corp., on the deal. According to a statement issued by Nationstar, New Castle, a publicly traded REIT, will get 65% of the deal.

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