BankAmerica Corp. is finding out that this is a tough time to exit the subprime lending business.

The sale of BankAmerica Housing Services, its manufactured-housing financing unit, hit a snag after Moody's Investors Service Inc. recently cut its rating on some of the unit's securitized loans.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.