Bank of America Faces More Legal Costs: Analysts

Bank of America Faces More Legal Costs: Analysts
NEW YORK (TheStreet) — Bank of America’s liability tied to mortgages originated by Countrywide Financial remains unquantifiable and could continued to mount for years to come, according to industry analysts. “The legal troubles for Countrywide are not going to end anytime soon. Countrywide was at the epicenter in faulty underwriting compared to its peers,” said Stifel Nicolaus analyst …
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