Showing posts with label mortgage securitization. Show all posts
Showing posts with label mortgage securitization. Show all posts

Tuesday, November 23, 2010

Bank of America Mortgage Securitization Problem

There is a big problem brewing at Bank of America. It turns out that some mortgages that were thought to be securitized actually were never given to the trustee. The story below from Abigail Field through AOL Daily Finance explains this issue in better detail.

B of A/Countrywide Mortgage Problem