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July 31, 2014

BofA Moving Closer to a Deal with DOJ?; Fined $1.27 B in 'Hustle' Case

By Charles Wisniowski, Paul Muolo

The Countrywide purchase, completed in the summer of 2008, has cost BofA close to $60 billion in operating losses and legal settlements, depending on how the numbers are counted.

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With originations expected to drop in 2018, will your shop turn to non-QM/non-prime mortgage products as a way to bolster volumes?

Yes, definitely. We’re planning a launch.
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Not now. But things could change as 2018 progresses.

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