Charlotte-based Bank of America’s $8.5 billion agreement with investors over bad mortgages covers 1.6 million loans that were packaged into securities from 2004 to 2008 by subprime lender Countrywide Financial and sold to big investors such as BlackRock.
Charlotte-based Bank of America’s $8.5 billion agreement with investors over bad mortgages covers 1.6 million loans that were packaged into securities from 2004 to 2008 by subprime lender Countrywide Financial and sold to big investors such as BlackRock. Justin Sullivan GETTY
Charlotte-based Bank of America’s $8.5 billion agreement with investors over bad mortgages covers 1.6 million loans that were packaged into securities from 2004 to 2008 by subprime lender Countrywide Financial and sold to big investors such as BlackRock. Justin Sullivan GETTY

Court approves Bank of America’s $8.5 billion mortgage pact

March 05, 2015 01:47 PM