Welch Says Mortgage Buyback Estimates `Overstated': Video
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Welch Says Mortgage Buyback Estimates `Overstated': Video

Oct. 19 (Bloomberg) -- Lisa Welch of MFC Global Investment Management speaks with Bloomberg's Lisa Murphy about the outlook for Bank of America Corp. and the prospects for mortgage buy-backs. Pacific Investment Management Co., BlackRock Inc. and the Federal Reserve Bank of New York are seeking to force Bank of America Corp. to repurchase soured mortgages packaged into $47 billion of bonds by its Countrywide Financial Corp. unit, according to people familiar with the matter. (Source: Bloomberg) (Bloomberg)

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