BOAMS

AcronymDefinition
BOAMSBanc of America Mortgage Securities, Inc. (New York, NY)
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.