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Los Angeles Times - Several major investment firms are moving to force Bank of America Corp. to buy back bad mortgages that were issued by Countrywide before the lender was acquired by the financial giant.

News of the effort by mortgage-bond investors — including Pimco of Newport Beach, TCW Corp. of Los Angeles and BlackRock Inc. of New York — came Tuesday after BofA posted a $7.3-billion third-quarter loss. MORE

SALVADOR J. RAMOS, REALTOR®
Coldwell Banker Brokers of the Valley
1775 Lincoln Ave
Napa, CA 94558
(707) 257-5645...Direct
(707) 337-3276...Cell
(707) 253-1042...Fax
saljramos@gmail.com
www.saljramos.com


Posted by Sal Ramos on October 20th, 2010 1:29 PMPost a Comment (0)

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