Industry News

BofA buys reverse-mortgage business

Deal includes sales force in 25 states
Published on Jul 3, 2007

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by CareyBot

Bank of America has acquired a Seattle-based lender’s reverse-mortgage business, including the company’s retail sales force of more than 200 people in 25 states. All 400 employees of Seattle Mortgage Co. were offered positions with BofA as part of its ...