Relevant:
- Congressman Brad Miller Blasts Legality Of Bank Of America's $8.5 Billion RMBS Settlement
- BofA, JPMorgan Among Banks Paying New York State $25 Million
- Six Federal Home Loan Banks Seek to Intervene in BofA Mortgage Accord
- Bank of America to Acquire Countrywide for $4 Billion
- Credit Suisse finalizes $5.3 billion mortgage settlement with U.S.
2013-03-08 — forbes.com
``BofA's $42 billion legal tab makes up 66% of the total amount the top six biggest banks have agreed to pay in 2010, 2011 and 2012. So, if you were wondering which bank bore the brunt of the mortgage and foreclosure fallout look no further than Bank of America. The biggest chunk of its settlements came in 2011 when it settled claims with Bank of New York Mellon Corp. as trustee for investors in private-label RMBS for $8.6 billion. That year it also agreed to pay $11.8 billion for its share in the National Mortgage Settlement.''
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Comments:
ronin at 15:14 2013-03-11 said:
Good thing they paid their Wall Street dues by bailing Merrill. Otherwise the Countrywide adventure would have made them toast. Permalinkadd a comment | go to forum thread
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