U.S. housing regulators want to fine Bank of America more than $6 billion for misleading mortgage agencies during the housing boom.
Banks have been accused of foreclosing on homeowners because they failed to maintain mortgage paperwork. Now there are signs the same problem hurts mortgage bond investors too.
BofA won't rule out chapter 11 filling for Countrywide unit. CNBC's Kate Kelly has the latest details from the CEOs conference call.