Bank of America Selling $40B of MSRs?

``Bank of America is exploring the idea of selling roughly $40 billion of mortgage servicing rights tied to Freddie Mac loans, according to servicing officials and investors who have been briefed about the plan... It's understood the MSRs in question are now housed in B of A's newly created Legacy Asset Servicing Group, which contains about $1 trillion in MSRs, most of which came from the troubled Countrywide Financial Corp. franchise.''