Relevant:
- Bank of America to Pay Fannie Mae $3.6B to Resolve Repurchase Issues
- FHFA Concerned Over Repurchase Requests
- B of A to Pay Fannie $3.6B to Settle Repurchase Claims
- BofA Weighed Down By $11B of Pending Repurchase Demands
- Bank of America Corp., after vowing to fight requests that it repurchase certain loans, has begun potential settlement discussions with some of its largest mortgage investors.
2010-08-07 — bloomberg.com
"Bank of America Corp., the biggest U.S. lender by assets, said it has been dealing with a “very limited†number of requests to repurchase soured mortgages out of securities lacking government-backed guarantees."
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Comments:
ReaLawBuck at 23:42 2010-08-07 said:
Of course there is a conflict of interest. You boneheads. Why didn't you think of that when you were buying all those fabricated loans? The profit so high you just held your noses and looked the other way. Now tell me about the conflict that exists when the builder, lender, appraiser, title company, realtor are all in the same "family." Are you waking up yet? Permalinkadd a comment | go to forum thread
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