BOAMS - What does BOAMS stand for? The Free Dictionary
References in periodicals archive
And the release also states, "Bank of America concealed important risks associated with the mortgages backing the BOAMS 2008-A securitization.
The press release notes that it is estimated that total losses sustained by investors in the BOAMS 2008-A certificates will exceed $100 million.
"These misstatements and omissions concerned the quality and safety of the mortgages collateralizing the BOAMS
2008-A securitization, how it originated those mortgages and the likelihood that the 'prime' loans would perform as expected," the Justice Department said in its statement.