Fannie Mae has apparently doled out part of a large subservicing contract on Bank of America MSRs to the residential servicing division of International Business Machines (IBM), according to industry advisors who have been briefed on the deal.

BofA has agreed to sell roughly $73 billion of legacy MSRs to Fannie Mae – in a deal first reported on by The Wall Street Journal several weeks ago.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.