Bank 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.
BofA mortgage repurchase requests total $11.1bn
Most Popular Articles
Latest Articles
Pennymac posts first-quarter profit of $39M
Loan production income shrank in the first quarter, but the company’s servicing business continues to grow
-
DOJ charges one of America’s top LOs in alleged mortgage fraud scheme
-
Top Producer Review: Features, pricing & alternatives
-
A&D Mortgage names new servicing manager
-
HUD aims to help protect communities from extreme heat
-
Freedom Mortgage founder addresses ’extraordinary’ credit profiles, profitability and products