Investors Extend Talks With Bank of America Over Mortgage Bonds

by Hugh Collins on Dec.16, 2010, under Towing

Bank of America (BAC) said talks will continue with bondholders who are demanding it buy back securities backed by billions of dollars of bad mortgages.

Bank of America has been in talks with investors including Pacific Investment Management Co (Pimco), BlackRock Inc (BLK) and the Federal Reserve Bank of New York over $47 billion of mortgage bonds, Bloomberg News reported.

Some of these investors…

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Investors Extend Talks With Bank of America Over Mortgage Bonds originally appeared on DailyFinance on Thu, 16 Dec 2010 07:51:00.

Filed Under: Company News, Investing, Fannie Mae, Bank of America, Real Estate, Freddie Mac, Credit