Market Update: Bank of America Corporation (NYSE:BAC) – Ambac sues Bank of America over Countrywide mortgage bonds

[Reuters] – Ambac Assurance Corp sued Bank of America Corp to recoup hundreds of millions of dollars of losses from insuring roughly $1.68 billion of securities backed at least in part by risky . . . → Read More: Market Update: Bank of America Corporation (NYSE:BAC) – Ambac sues Bank of America over Countrywide mortgage bonds Similar Articles: Market Update (NYSE:BAC): Bank of America won’t loosen mortgage credit for riskier borrowers Company Update (NYSE:BAC): Opponent of BofA $8.5 bln mortgage deal drops out Company Update: Bank of America Corporation (NYSE:BAC) – BofA in $16.5 bln deal with U.S. over mortgage bonds -source