Bloomberg News
TASK AHEAD: B of A seeks to reduce its number of delinquent loans and legacy costs to $500 million a quarter in coming years, CEO Brian Moynihan said this summer. They totaled $1.4 billion in the second quarter.

Bank of America's Next Big Countrywide Problem

The Charlotte, N.C., bank has lost more than $60 billion on its acquisition of Countrywide, including the cost of last week's big settlement with the Justice Department. But its issues are hardly over. The pain will continue for years as it has hundreds of thousands of delinquent, unsellable mortgage loans to work through.

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