TITLE

B of A Says No (Again) To Mortgage Outsourcing

AUTHOR(S)
Shenn, Jody; Davis, Paul
PUB. DATE
February 2006
SOURCE
American Banker;2/9/2006, Vol. 171 Issue 27, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article discusses Bank of America Corp.s (B of A) plans to discontinue using its Nexstar Financial Corp. for mortgage outsourcing. Julie Davis of B of A said that it plans to adopt the unit's technology platform for its own mortgage business. Since it became part of B of A, MBNA has lost some business, most notably Wachovia Corp.'s, but it has also picked up at least one customer: Bank of Hawaii, which hired MBNA to issue American Express-branded cards.
ACCESSION #
19744764

 

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