Bank regulators are examining whether the nation's big lenders are carrying $845B of home equity...

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

Bank regulators are examining whether the nation's big lenders are carrying $845B of home equity and 2nd mortgage loans on their books at an accurate value, according to sources. Of particular interest are cases where borrowers are overdue or underwater on their 1st mortgage, with the 2nd lien's valuation not yet reflecting that reality.