Matt Levine, Columnist

Bank of America Adds a Mortgage Settlement to Its Collection

I made a chart! It is about Bank of America's and Countrywide's and Merrill Lynch's mortgage doings. It is a horrible, horrible chart. Would you like me to show it to you?

August 21, 2014 at 8:46 PM UTC

By Matt Levine

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

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The Bank of America mortgage-settlement-industrial complex generated another settlement today. This one is the biggest so far, but it is also the most recent so far, and the word "record" gets used a lot in Bank of America settlement announcements. If there's a $30 billion Bank of America mortgage settlement in November, my mind will remain un-blown.

Here are the Bank of America mortgage-related penalties that I am aware of: