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BofA pushes for meeting with Eric Holder

Bank attempts to resolve mortgage lawsuit

In a plea to resolve differences over a possible multibillion-dollar settlement involving shoddy mortgage securities sold by the second-largest U.S. bank and it units, Bank of America (BAC) has asked U.S. Attorney General Eric Holder to meet with its CEO Brian Moynihan, an article in Reuters said.

Negotiators for Bank of America and the Justice Department have not met in more than a week and have no plans to do so after a flurry of meetings did not bring them close to a settlement amount, sources said.

Sources said the Justice Department's silence about a meeting between Moynihan and Holder suggested Bank of America's request was premature.

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An open letter to President-Elect Trump: A market in crisis 

As the rest of the country waits, debates, and predicts an economic recession, the United States housing market has been languishing in a historic one for nearly 3 years. Economists and market participants love airplane analogies (soft landing, no landing) so I’ll dust off my epaulets and declare the state of housing a “crash landing.” 

3d rendering of a row of luxury townhouses along a street

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