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BofA mortgage repurchase requests total $11.1bn

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.

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3d rendering of a row of luxury townhouses along a street

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