Relevant:
- Mortgage Debacle Costs U.S. Banks $66 Billion as Bad Home Loans Sap Profit
- Bank of America Sees $2 Billion Charge on Home Loans
- BofA Posts First Profit in Three Quarters, Settles Faulty-Lending Disputes
- Freddie-Fannie Push Bank Bad Debt Cost To $84 Billion
- U.S. housing regulators seek over $6 billion from BofA: FT
2011-01-25 — businessweek.com
"Bank of America Corp., the biggest U.S. lender, may book an $8.5 billion charge on costs to resolve disputes over faulty mortgages, a figure at the upper end of the range the company gave last week, according to Oppenheimer & Co."
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