BOA Shelling Out $8.5B From Housing Crash

Day: July 13, 2011

BOA Shelling Out $8.5B From Housing Crash

BOA Shelling Out $8.5B From Housing Crash

Last week, Bank of America announced that it will shell out $8.5 billion in the bank’s largest single settlement in the current financial crisis. The money will go to 22 institutional investors that lost money on mortgage-backed securities. Many of the mortgage issues stem from BOA’s purchase of Countrywide in 2008. BOA says the settlement…  Continue Reading

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