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MrWhy.com » Videos » Bank of America Extends Deadline with Mortgage-Backed Investors |
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Bank of America Extends Deadline with Mortgage-Backed Investors
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Bank of America Extends Deadline with Mortgage-Backed Investors
Bank of America (BAC) said late yesterday that it has agreed with the lawyers for a group of investors who demanded action on mortgage-backed securitizations to extend its deadline to respond to the letter.  In October, a group consisting of the New York Fed, Pimco and BlackRock (BLK) asked the bank and its trustee, Bank of New York Mellon (BK), to respond to its request within 60 days, which would have expired today without the extension.
Video Length: 0
Date Found: December 17, 2010
Date Produced: December 16, 2010
View Count: 1
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