NEW YORK (AP) -- Bank of America and its Countrywide unit will pay $8.5 billion to settle claims that the lenders sold poor-quality mortgage-backed securities that went sour when the housing market collapsed....
By CHRIS KAHN, Associated Press: Business
Wed, 06/29/2011 - 6:04am
NEW YORK (AP) -- Bank of America and its Countrywide unit will pay $8.5 billion to settle claims that the lenders sold poor-quality mortgage-backed securities that went sour when the housing market collapsed....