In other words from Blackrock, I got mine.
BofA is scared beyond belief the mortgage insurers are going to win their claims to have the fraudulent mortgages recinded back to them. In other words, they are trying to buy their way out of what could sink them by having the insurers make the lenders whole which will easily bankrupt the insurers like MBIA. So, rather than being out 100 cents on the dollar, they hope they can get that down to something much less.
“Dead Beats” fault!
Do what, I do believe you have that backward. If boa sends the mortgage back to the originator then bank america will be made whole and the originator will be on the hook for the bad loan.