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September 8, 2014

Sources: Bank of America Sold $3 Billion in Nonperforming Mortgages

By Paul Muolo

One source said the $3 billion “traded a few weeks back,” but could offer no more color on the transaction.

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After the November elections, how long will it take for a new Congress and White House to pass GSE reform legislation?

I’m confident a bill will be passed the first year.


2 to 3 years. GSE reform is complicated.


Sadly it won’t happen in a Clinton or Trump first term.


Not in my lifetime.


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