BofA May Owe $20 Billion in Mortgage Buybacks, Insurers Say

ABK, MBI, AGO, looks pretty good from this angle, aren't they? This is the same reason why abk, mbi, ago can commute billions of their insurance contracts, CDOs. ABK did totally $19 billion last Q (Q2), MBI did at least 4.4 billion. MBI increased its "recovery" estimation by 200 million in last quarter report.

ABK is soaring now!!!!!

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BofA May Owe $20 Billion in Mortgage Buybacks, Insurers Say

Bank of America Corp., the biggest U.S. lender by assets, should repurchase as much as $20 billion in home loans that were based on wrong or missing information, said a trade group for bond insurers.

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