How Bank of America deals with mortgage troubles

TRD Staff

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<a href="http://www.msnbc.msn.com/id/22425001/vp/29656014#29656014">CNBC&#8217;s</a> Diana Olick talked to Barbara Desoer, president of Bank of America&#8217;s mortgage division, about how Bank of America deals with mortgage defaults and foreclosures. Desoer said the bank has a model that indicates when mortgage modification<br />
is the best option for mortgage investors and when foreclosure is. Bank of America produced $45 billion in mortgages in the fourth quarter of 2008.</p>


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How Bank of America deals with mortgage troubles

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