Posted by & filed under Stockton Real Estate.

The big story Wednesday afternoon is Bank of America, which declined 2.13% in trading. The mega lender took a major hit in afternoon trading. Around the same time, a federal jury in New York ruled that the lender – as the official purchaser of Countrywide – and Countrywide, itself, are liable to Fannie Mae and Freddie Mac for selling low-quality, toxic loans to the housing agencies. …read more

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