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Will Bank of America Step Up to the Loan Modification Plate?

by Moe Bedard

Bank of America is in the process of finalizing the deal in acquiring Countrywide Financial. Along with the Countrywide deal, B of A stands to inherit all of Countrywide’s baggage and this is no carry on bag for your favorite weekend getaway.
It’s a super duper, toxic sludge bag of mortgages with sprinkles of good loans [...]

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