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TBTF

BofA to pay more than $10B to Fannie Mae over Countrywide mortgages, unloads mortgage servicing rights

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JonAPrior By selling servicing rights on roughly 2m mortgages, BofA cut its 60+ day delinq inventory to roughly 500K, almost half of what it was in 3Q

Sources

JonAPrior By selling servicing rights on roughly 2m mortgages, BofA cut its 60+ day delinq inventory to roughly 500K, almost half of what it was in 3Q

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Regulators still have no particular way to unwind big banks

bloomberg.com All Sources Tweet This

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Why "we had to save banks in order to sue them"

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A worker removes asbestos (amiante) cement from the ceiling in a primary school in Nantes after Fran..

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Why we should treat Bank of America's mortgages like asbestos

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A Bank of America sign is pictured outside a bank branch in Charlotte

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BofA's mass layoffs called "pointless," "wouldn't even pay the lawyers"

huffingtonpost.com All Sources Tweet This

TBTF

A visual history of mega-bank mergers

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TBTF

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TBTF

BofA's "nuclear option": a Countrywide bankruptcy

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TBTF

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businessinsider.com All Sources Tweet This

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BofA to pay more than $10B to Fannie Mae over Countrywide mortgages, unloads mortgage servicing rights

Sources

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