Bank of America to Pay $2.9 Billion for Portfolio of WaFd Multifamily Loans

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Bank of America to Pay $2.9 Billion for Portfolio of WaFd Multifamily Loans
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Bank of America Corp. agreed to buy a portfolio of commercial real estate loans from WaFd Inc. for about $2.9 billion, helping the regional lender reduce its exposure to a sector that has raised red flags for regulators and investors.

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