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Loan Modification

: Loan Modification & Home Loan News

BofA May Owe $20 Billion in Mortgage Buybacks, Insurers Say

By Moe Bedard

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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 [...]

Full post as published by Loan Modification & Home Loan News on September 15, 2010 (boomark / email).

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