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Major Bondholders seek BofA Mortgage Repurchases
Calculated Risk ^ | 19 October 2010

Posted on 10/20/2010 9:37:07 AM PDT by Lorianne

This will take time - and be contested - but the battle over Reps and Warranties will probably continue to grow. Fannie and Freddie have been ramping up their push backs for some time, and here come the push backs from the private investors. I think this will be a drag on bank earnings for some time.

(Excerpt) Read more at calculatedriskblog.com ...


TOPICS: Business/Economy; Government
KEYWORDS: foreclosure; foreclosuregate; frank; tarp2

1 posted on 10/20/2010 9:37:10 AM PDT by Lorianne
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To: Lorianne

Related BOA being sued for racketeering

http://www.bloomberg.com/news/2010-10-19/bank-of-america-s-countrywide-accused-of-racketeering-in-homeowners-suit.html


2 posted on 10/20/2010 10:10:24 AM PDT by FromLori (FromLori)
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To: FromLori

Thanks


3 posted on 10/20/2010 10:49:46 AM PDT by Lorianne (During times of universal deceit, telling the truth becomes a revolutionary act. ___ George Orwell)
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To: FromLori

BOA is a s**t company that LOVES illegal aliens.


4 posted on 10/20/2010 10:56:56 AM PDT by Frantzie (Imam Ob*m* & Democrats support the VICTORY MOSQUE & TV supports Imam)
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To: FromLori

BOA is a s**t company that LOVES illegal aliens.


5 posted on 10/20/2010 10:57:11 AM PDT by Frantzie (Imam Ob*m* & Democrats support the VICTORY MOSQUE & TV supports Imam)
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To: FromLori

BOA is a s**t company that LOVES illegal aliens.


6 posted on 10/20/2010 10:57:24 AM PDT by Frantzie (Imam Ob*m* & Democrats support the VICTORY MOSQUE & TV supports Imam)
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To: Frantzie

And don’t forget BOA loves obama too for that alone I can’t stand that bank


7 posted on 10/20/2010 11:03:54 AM PDT by FromLori (FromLori)
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