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Bank of America to acquire TD Bank’s $9bn jumbo mortgage portfolio
For TD Bank, the sale is part of efforts to adjust its balance sheet to meet a $434bn cap on its US retail banking assets.
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Bank of America to Buy $9 Billion Jumbo Mortgage Portfolio From TD
(Bloomberg) -- Bank of America Corp. has agreed to buy a $9 billion portfolio of residential mortgage loans from Toronto-Dominion Bank, as the Canadian lender looks to shed certain holdings to ...