Bank of America (BAC) settles for $375M a lawsuit brought by bond insurer Syncora Guarantee over...

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

Bank of America (BAC) settles for $375M a lawsuit brought by bond insurer Syncora Guarantee over toxic MBS from 2008. Syncora claims Countrywide (later bought by BofA) misrepresented the quality of the underlying mortgages.