What can you say after redistributing a portion of shareholders' money ?
Is this pathetic ?
Typical liberal, excerpt from the earnings release, LOL:
Delivering for our shareholders
Tangible book value per share increased to $13.36 at December 31, 2012, compared to $12.95 at December 31, 2011D. Book value per share was $20.24 at December 31, 2012, compared to $20.09 at December 31, 2011.The company continued to make progress on its legacy issues, reaching settlements with Fannie Mae to resolve substantially all outstanding and potential agency mortgage repurchase claims on loans originated and sold directly to Fannie Mae from January 1, 2000 through December 31, 2008 by legacy Countrywide and Bank of America, National Association (BANA); settling substantially all of Fannie Mae's outstanding and future claims for compensatory fees arising out of alleged past foreclosure delays; and clarifying the parties' obligations with respect to mortgage insurance. |
