SEC has examined Bank of America mortgage repurchases
WASHINGTON/CHARLOTTE (Reuters) – Securities regulators have made inquiries into the mortgage repurchase practices at Bank of America Corp’s Countrywide unit, according to a transcript filed in a lawsuit against the bank by insurer MBIA Inc. The details of the inquiries, which had not been previously disclosed, were included in documents filed this week. It is unclear if the SEC continues to investigate the matter, but the documents reveal the agency’s interest dating back to at least 2010 in an issue that has already saddled the second-largest U. S. . . .
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