0 minute readBank of America, the biggest US lender by assets, said it has been dealing with a “very limited” number of requests to repurchase soured mortgages out of securities lacking government-backed guarantees. Unresolved mortgage-repurchase requests from all investors and insurers totaled about $11.1bn on June 30, the Charlotte, North Carolina-based bank said today in a filing with the Securities and Exchange Commission.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
Most Popular Articles
Latest Articles
Fresh off seed round, BrokerBot eyes next phase of brokerage automation
Since launching in early 2025, BrokerBot has been deployed across 240-plus brokerages and more than 30,000 agent users.
-
Why more private homebuilders face a succession test now
-
Zillow investor sues over Redfin rental syndication deal
-
Saluda Grade brushes off macro concerns to bet on home equity resilience
-
Why hazard insurance is becoming a housing market constraint
-
HECM for Purchase has been grounded. Reverse mortgage pros are trying to give it wings
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
