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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (11893)	3/15/2011 7:11:34 PM
From: Jim McMannis	Respond to of 119362

Hackers Release BofA Mortgage E-mails forbes.com Hackers show emails they claim reveal Bank of America purposely concealed mortgage foreclosure information. A group known as Anonymous posted emails provided by a former employee of Balboa Insurance, which was acquired by Bank of America ( BAC - news - people ) as part of its Countrywide acquisition. The group contends the emails prove the Bank of America affiliate purposely removed information from mortgage documentation. Yahoo! BuzzBank of America told Reuters that the claims are untrue, and that the emails in question merely pertain to clerical matters and are not foreclosure related. Bank of America has agreed to sell the unit to QBE Insurance Group. Bank of America shares are trading down about 1% Monday. BofA is the top stock in the Rydex 2x S&P Select Sector Financial ETF , trading down 6.7% today. Other top stocks in the fund include JPMorgan Chase, trading down 1.4%, and Wells Fargo ( WFC - news - people ) (), trading down .9% Monday. Market News Video produces and distributes online videos about stocks and investing. Bank Of America E-Mail Leaks Are Here, How Much Will They Hurt? QE2's Bait & Switch