Bank of America will settle one mortgage lawsuit, but analysts quickly turn to the next one

Bank of America will settle one mortgage lawsuit, but analysts quickly turn to the next oneNEW YORK – As soon as Bank of America puts one mortgage-related lawsuit behind it, another always seems to rear its head. The bank announced Wednesday that it would pay $500 million to settle a class-action lawsuit led by pension funds and other investors who say they were misled about $350 billion worth of mortgage-backed investments they bought from Countrywide, a mortgage lender Bank of America bought in 2008.

Embedly Powered