Is Bank of America Out of the Woods?
Feb 21st 2013 3:39PM
Updated Feb 21st 2013 4:20PM
Bank of America still has Countrywide Financial mortgage related clouds hanging over it. In this video, John Maxfield describes what Bank of America has yet to resolve regarding the processing of mortgage foreclosures, the sale of mortgage backed securities to Freddie Mac and Fannie Mae, and most importantly, sales of mortgage-backed securities to private investors.
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The article Is Bank of America Out of the Woods? originally appeared on Fool.com.John Maxfield owns shares of Bank of America. The Motley Fool owns shares of Bank of America. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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