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January 07, 2013 at 11:50 AM EST
Nationstar Mortgage Acquires Servicing Rights From Bank Of America
Nationstar Mortgage Holdings Inc. (NYSE: NSM) will pay approximately $1.3 billion to acquire the servicing rights to $215 billion worth of loans from Bank of America Corp. (NYSE: BAC). Shares of National Mortgage leaped $3.83 to $37.06 while Bank of America stock eased 7 cents to $12.04.

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