Countrywide's Errors May Doom Bank Of America

11/23/2010 05:02 pm 17:02:14 | Updated May 25, 2011

Testimony in a New Jersey foreclosure case decided last week may spell big trouble for Bank of America (BAC). If what one bank employee said on the stand proves to be accurate, paperwork problems it acquired when it purchased the failing mortgage provider Countrywide in 2008 could leave BofA on the hook for billions of dollars.

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