Bank of America Mortgage Insurance on May Closeouts unit sales jump, says Goodman

BofA Mortgage Liquidations May Jump on Insurance Unit’s Sale, Goodman Says
Bank of America Corp. ’s plan to sell the insurance unit it acquired with Countrywide Financial Corp. may result in it liquidating properties faster after homeowners stop paying on debt underlying mortgage bonds, according to Amherst Securities Group analyst Laurie Goodman .