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Home | Bank of America (NYSE: BAC) Facing Billions in Mortgage Repurchases |
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Bank of America (NYSE: BAC) Facing Billions in Mortgage Repurchases
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- October 25, 2010
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The practice of repurchasing loans is not new. However, the recent crisis surrounding falsified mortgages that were bundled into Residential Mortgage Securities (RMBS) may leave large banks such as Bank of America (BAC) exposed with billions of dollars in losses. A recent article posted on CNNMoney.com reports how institutional investors are raising questions about home [...]This article (Bank of America (NYSE: BAC) Facing Billions in Mortgage Repurchases) was originally developed by and is property of American Banking News. Checkout American Banking News for up-to-date banking news and peer to peer lending news.
- Read more at:http://feedproxy.google.com/~r/AmericanBankingNews/~3/gAnRKkWAFKE/
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