Two Down, Many More To Go - Bank Of America Sued For $31 Billion In Mortgage Losses

Tyler Durden's picture
  • And so it begins:
  • FHFA Sues Barclays over mortgage securities over losses for $4.9 billion: RTRS
  • FHFA Sues Merrill Lynch Bank of Americal over mortgage securities over losses for $30.85 billion: RTRS

Put a fork in Bank of Countrywide Lynch.

In the meanime, just about 10 more banks to go.

Update:

  • FHFA Sues Nomura for $2 billion in losses: RTRS

Update 2:

  • Citi... and so on.

Complete summary:

  • Federal housing finance agency sues Barclays PLC BARC.L - court filing
  • Federal housing finance agency sues Barclays over losses on $4.9 billion rmbs
  • Federal housing finance agency sues Bank of America Corp BAC.N - court    filing
  • Federal housing finance agency sues Bank of America Corp over losses on more    than $6 billion securities
  • Federal housing finance agency sues bank of America's Merrill Lynch unit over    losses on $24.85 billion securities
  • Federal housing finance agency sues Nomura Holdings Inc 8604.T - court    filing
  • Federal housing finance agency sues Nomura over losses on more than $2    billion securities
  • Federal housing finance agency sues Citigroup Inc C.N - court filing Federal housing finance agency sues Citigroup Inc over losses on $3.5 billion    securities