NATIONSBANK BUYS KEYCORP LOAN UNIT.(BUSINESS)

Byline: Bloomberg Business News

CHARLOTTE, N.C. NationsBank Corp. agreed Thursday to buy the mortgage-servicing rights of KeyCorp for $500 million, its second big acquisition in as many days.

The two acquisitions will make NationsBank the fourth-largest servicer of mortgages in the U.S., collecting and managing the paperwork for $75 billion in loans.

NationsBank's …