GREENSBORO, N.C. - State Street Bank and Trust Co. of Boston has signed a definitive agreement to acquire Wendover Financial Services Corp., Wendover announced Monday.

Wendover is the parent of Wendover Funding Inc., a national contract loan servicer for banks, thrifts, credit unions, the Resolution Trust Corp., private investors, Wall Street conduits, and state and local housing finance authorities.

Greensboro-based Wendover said it services 78,000 residential, consumer, and commercial loans, totaling more than $5 billion. It is also master servicer for 49,500 loans, totaling $875 million, and is the largest servicer of Federal Housing Administration-insured reverse mortgages bought by the Federal National Mortgage Association.

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