DOJ to file civil charges against BofA over jumbo securitizations

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DOJ to file civil charges against BofA over jumbo securitizations

DOJ to file civil charges against BofA over jumbo securitizations

Have a feeling CWABS et al and CWALT et al are the chosen ones!


HW-

Bank of America’s legal troubles in the mortgage space are far from over.

The firm, which took over Countrywide’s legacy subprime business in the wake of the financial crisis, reports in a securities filing that the Department of Justice plans to file civil charges against BofA and related entities over two jumbo prime mortgage securitizations.

BofA reported this development in its 10-Q filing with the Securities and Exchange Commission.

[HOUSING WIRE]

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