BofA Mortgage Risk May Rise $9 Billion If Judge Sides With MBIA
Published on Thursday, 18 August 2011 22:54
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Bank of America Corp. (BAC) may face billions of dollars more in liability for faulty mortgages if a judge agrees with insurer MBIA Inc. (MBI) that the lender must buy back loans even if the errors didn’t cause a borrower’s default.
Read more: BofA Mortgage Risk May Rise $9 Billion If Judge Sides With MBIA
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