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Legal issues tied to mortgages strike BofA hard

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Credit and mortgage-related legal battles ended up costing Bank of America (BAC) a whopping $42 billion, according to a new Forbes article.

The world knows BofA ended up under the gun after acquiring subprime lender Countrywide more than four years ago.  Paying for related litigation and settlements has cost the lender billions of dollars since then, and the litigation stream continues to run till this day.

 

 

 

 

Source: Forbes
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