Fears of some kind of massive mortgage putback exposure continue to haunt Bank of America investors.
Despite stocks being up — not wildly so, but clearly — the stock continues to get hammered, falling nearly 3%.
It could be the result of the FHFA — the regulator of Fannie and Freddie — clearly jumping on the putback bandwagon.
It may not be devastating to the bank, but it will add up.
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