Is Bank of America Out of the Woods?
Bank of America still has Countrywide Financial mortgage related clouds hanging over it. In this video, John Maxfield describes what Bank of America has yet to resolve regarding the processing of mortgage foreclosures, the sale of mortgage backed securities to Freddie Mac and Fannie Mae, and most importantly, sales of mortgage-backed securities to private investors.
Bank of America's stock doubled in 2012. Is there more yet to come? With significant challenges still ahead, it's critical to have a solid understanding of this megabank before adding it to your portfolio. In The Motley Fool's premium research report on B of A, analysts Anand Chokkavelu, CFA, and Matt Koppenheffer, Financials bureau chief, lift the veil on the bank's operations, including three reasons to buy and three reasons to sell. Click here now to claim your copy, and as an added bonus, you'll receive a full year of FREE updates and expert guidance as key news breaks.
The article Is Bank of America Out of the Woods? originally appeared on Fool.com.John Maxfield owns shares of Bank of America. The Motley Fool owns shares of Bank of America. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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