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Home » Store » Inside MBS & ABS » Views Mixed on Bank of America’s Countrywide MBS Settlement; Some Investors Raise Doubts

Views Mixed on Bank of America’s Countrywide MBS Settlement; Some Investors Raise Doubts

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Inside MBS & ABS

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Although 22 large investors and Bank of America think they reached a reasonable deal to resolve massive buyback claims on some $221 billion of outstanding Countrywide non-agency MBS, some outside analysts and other investors aren’t so sure. The pending agreement, which has to be approved by the court, requires Bank of America to pay $8.5 billion that would be distributed according to the deals that suffered the biggest losses. In return, the bank would get significant ...
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