2009-10-04housingwire.com

" Global IT services giant IBM (IBM: 119.02 +0.95%) is in the process of acquiring mortgage servicer Wilshire Credit Corp. from Bank of America (BAC: 16.34 +0.80%), numerous sources with knowledge of the transaction confirmed to Housing Wire this weekend. Officials at IBM and Bank of America could not immediately be reached for comment, and terms of the transaction are not currently known."



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