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Bank of America sells 2-million mortgages

Posted at: 05/17/2013 7:51 AM



If you are a Bank of America customer, you could soon lose your free or discounted banking services. This is because Bank of America has sold mortgages belonging to two-million customers to a third-party company.

Bank of America typically offers free banking for mortgage holders but after those loans are gone, the bank will charged customers for its services.

Officials say they will wait 12 months before charging customers.