BoA Marks Down Most Of Countrywide Mortgage Portfolio

11 Aug 2011

Bank of America has marked down most of the $40 billion mortgage portfolio it acquired when it bought Countrywide Financial in 2008.

Bank of America has marked down most of the $40 billion mortgage portfolio it acquired when it bought Countrywide Financial in 2008. BoA is said to have marked down $8 billion of the portfolio as soon as it bought the troubled lender and an estimated $25 billion since ...

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