Bloomberg News
WAKE-UP CALL: "We were under the assumption that everything was working well until B of A tried to sell blocks of servicing," says Ted Tozer of Ginnie Mae.

Ginnie Mae Nixes Bank of America Mortgage Servicing Transfer

Ginnie Mae has halted the transfer of mortgage servicing rights from Bank of America to a nonbank servicer because of missing documents. The agency is asking the top servicers for an inventory of loans with missing documents.

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