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http://nationalmortgageprofessional.com/news-ticker/09/10/bo… BofA may owe $20 billion in mortgage buybacks, insurers (Ambac Financial Group Inc. and Assured Guaranty Ltd.) say Tue, 2010-09-14 08:35 — Andrew T. Berman Bank of America (illuminated sign) Bank of America Corp., the biggest U.S. lender by assets, should repurchase as much as $20 billion in home loans that were based on wrong or missing information, said a trade group for bond insurers. More than half of the soured home-equity credit lines and residential mortgages created from 2005 through 2007 that insurers examined should be bought back, the Association of Financial Guaranty Insurers said in a Sept. 2 letter to Bank of America Chief Executive Officer Brian T. Moynihan. Ambac Financial Group Inc. and Assured Guaranty Ltd. are members, and the group said repurchases may total $10 billion to $20 billion. |
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| aus der Diskussion: | AMBAC der Phönix aus der Asche? |
| Autor (Datum des Eintrages): | think-positive (14.09.10 14:57:32) |
| Beitrag: | 30,554 von 35,982 (ID:40147999) |
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