The meltdown of mortgage lender Countrywide has kept the heat on Bank of America over the past few years, but a deal Wednesday may help lower the flame a bit.Bank of America said it will pay $8.5 billion to settle all claims on $424 billion in Countrywide-issued residential mortgage-backed securities, and will provide another $5.5 billion in the second quarter to cover its exposure on ...
Bank Of America Takes Billions In Losses To Settle Claims On $424B In Countrywide Mortgage Deals
Posted by mortgage 327 days ago (Editorial)
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