BAC Putback Exposure Could Cut Price in Half

January 7th, 2011
in Background

Bank of America LogoBusiness Insider:  In August, Manal Mehta and Branch Hill Capital put together a presentation targeting Bank of America's potential exposure to mortgage fraud, as well as other problems in the mortgage market.

Follow up:

The presentation comes to a pretty damning conclusion: Bank of America's exposure could nearly halve its share price.

It's all about what capital Bank of America has in reserve for the scenario of mortgages having to come back on its balance sheet, the so-called putback process for mortgage backed securities (MBS) that were sold with misrepresentations. 

Note:  This presentation of 26 slides was put together by Branch Hill Capital which is short BAC stock.  See the slide show at Business Insider......

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.

 navigate econintersect .com


Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2018 Econintersect LLC - all rights reserved