B Of A Says Almost Half Of Its Mortgages Are To Be Segregated “Bad”
Posted By thestatedtruth.com on March 10, 2011
Interesting…..
Bank of America Says Nearly Half Its Mortgages Are ‘Bad’
Washington Business Journal
Bank of America Corp. is segregating almost half its 13.9 million mortgages into a “bad†bank comprised of its riskiest and worst-performing “legacy†loans, Bloomberg News reported, citing Terry Laughlin, who is running the new unit.
“We are creating a classic good bank, bad bank structure,†Laughlin told investors at a meeting in New York Tuesday, according to Bloomberg. He was promoted last month to manage the costs of resolving disputes stemming from the company’s 2008 purchase of Countrywide Financial Corp. “We’re going to get after this, we’re going to do it the right way and we’re going to put it to bed in the next 36 months,†he said.
Comments
9 Responses to “B Of A Says Almost Half Of Its Mortgages Are To Be Segregated “Bad””
Leave a Reply
You must be logged in to post a comment.
free china classified ads
Classifieds Advertising recognizes all free,} is aware of all.Try sell and purchase you’ll enjoy it.Pets,Business,PROPERTY,Vehicles advertising shows good style,Our careers offer is bigger!
Don Tigert
Look this ripoffreport from ripoffreport.com Don Tigert Don Tigert Don Tigert Don Tigert Don Tigert Don Tigert sala rodd sala rodd sala rodd sala rodd sala rodd sala rodd sala rodd sala rodd park ward park ward park ward park ward park ward park ward p…
The Stated Truth
[…] What host are you the use of? Can I am getting your associate link for your host? I desire my website loaded up as fast as yours lol[…]
…Additional Information ca be found here
[…]The full look of your website is magnificent, let neatly as the content material![…]
The Stated Truth
[…]The overall look of your website is excellent, let neatly as the content material![…]
download free pc games action
download free software,software free,full version software Free,download free of charge,free laptop or computer game download,free android software,apk game titles,all softwares
…A Friend recommended your blog
[…]Aw, this was a really nice post. Spending some time and actual effort to generate a very good article� but what can I say� I hesitate a lot and never manage to get nearly anything done.[…]
…Take a look for more Information on that topic
[…] What host are you using? Can I am getting your associate link on your host? I want site loaded up as fast as yours lol[…]
…pussy
[…]Wow, fantastic weblog structure! How lengthy have you ever been running a blog for?[…]