N.Y. State Attorney General Has $BAC Under Investigation for mortgage Related Issues

Bank of America said in a securities filing on Thursday that the New York State Attorney General was investigating the bank over its purchase, securitization and underwriting of home loans.

The bank, the second-largest in the U.S., is the third known to be targeted by the New York attorney general’s office over how banks bundled mortgage loans into securities during the housing boom.

Bank of America said in the filing with the U.S. Securities and Exchange Commission that it was cooperating with the investigation. A bank spokesman declined to comment….”

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