The White House denies the rumor of a massive mortgage refinancing plan, letting the air out of...

|About: Bank of America Corporation (BAC)|By:, SA News Editor

The White House denies the rumor of a massive mortgage refinancing plan, letting the air out of Bank of America (BAC +8.6%) shares, -2.2% AH. The chatter had sparked BofA to the top of the S&P leader board and seemed to pull the rest of the market out of the doldrums. It was the fifth straight up day for BofA shares, something that never happened in 2011. (also)