Pimco, New York Fed Said to Seek BofA Loan Repurchase: Video

Oct. 19 (Bloomberg) -- 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, people familiar with the matter said. Bloomberg's Carol Massar, Matt Miller, Julie Hyman, Dominic Chu and Adam Johnson report. (Source: Bloomberg)

Pimco, New York Fed Said to Seek BofA Loan Repurchase: Video