BofA May Owe $20 Billion in Mortgage Buybacks, Insurers Say

longtermInvestor (2010-09-14 11:25:00) 评论 (0)
ABK, MBI, AGO, looks pretty good from this angle, aren't they? This is the same reason why abk, mbi, ago can commute billions of their insurance contracts, CDOs. ABK did totally $19 billion last Q (Q2), MBI did at least 4.4 billion. MBI increased its "recovery" estimation by 200 million in last quarter report.

ABK is soaring now!!!!!

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BofA May Owe $20 Billion in Mortgage Buybacks, Insurers Say

Bank of America Corp., the biggest U.S. lender by assets, should repurchase as much as $20 billion in home loans that were based on wrong or missing information, said a trade group for bond insurers.

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