MBIA (MBI) Gains Amid BofA (BAC) Settlement with NCUA
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Pressure Mounting for BofA (BAC) to Settle With MBIA (MBI) - Analyst
April 2, 2013 3:19 PM EDTMBIA, Inc. (NYSE: MBI) won a ruling against Bank of America (NYSE: BAC) over loss causation litigation tied to sales of mortgage-backed securities by BofA's Countrywide unit.
BTIG's Mark Palmer said the news might be bad for BofA. The... More
BofA (BAC), NCUA Enter $165M MBS Loss Settlement
April 2, 2013 10:38 AM EDTThe National Credit Union Administration (NCUA) announced a settlement with Bank of America and certain of its subsidiaries (NYSE: BAC) for $165 million for losses related to purchases of residential mortgage-backed securities by failed corporate credit unions.
As a result of the Bank of America settlement, NCUA has now successfully recovered more than a third of a billion dollars on behalf of credit unions,... More
