Posts

What Do Bank of America And The Federal Home Loan Banks Have In Common? A Lawsuit & PwC

Have you been following the trials and tribulations of Bank of America and their auditor, PricewaterhouseCoopers, LLP?

I have.

McKenna Quoted in American Banker re: Second-Lien Mortgages

I was quoted on May 2 in an article in American Banker by Alex Ulam entitled, “Why Second-Lien Loans Remain A Worry”. My quote focused on disclosures and transparency – for the loans and the reserves for losses. It’s a subject I’ve written about extensively.

Repurchase Risk (Put-Back) Getting Full Court Press At CNBC

John Carney at CNBC NetNet is talking a lot about repurchase risk. He’s tied it all together in a bow for us, mentions Citigroup and Bank of America, and has given me credit for having been on KPMG’s case for a while.