BofA Faces Claims From Regulators on Jumbo Mortgages, CDOs

BofA Faces Claims From Regulators on Jumbo Mortgages, CDOs

Davis Turner/Bloomberg

A man sits next to a fountain outside of the Bank of America Corp. headquarters in Charlotte, North Carolina. The second biggest U.S. lender by assets has said it received subpoenas and other information requests regarding mortgage securities and collateralized debt obligations (CDOs) created during the housing boom.