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BofA looks to sell toxic mortgages

Bank of America Corp. has put up for sale at least $1 billion worth of toxic mortgage assets, the New York Post said yesterday, citing sources.

Bank of America Corp. has put up for sale at least $1 billion worth of toxic mortgage assets, the New York Post said yesterday, citing sources. Bids are due by the end of December for the assets, which include already written-off loans and mortgage-servicing rights, the paper said.

 
 
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