When Financial from The usa Corp. acquired home loan icon Nationwide Financial Corp. three years before this week, cementing BofA’s condition as the a buyers financial frontrunner, the purchase price is a beneficial measly $2.5 mil into the inventory.

Nevertheless the genuine cost could easily be 10 to 15 moments you to amount following home financial obtain huge losses not as much as BofA’s possession and lender accessible to spend vast amounts of dollars in order to accept lawsuits over crappy financing from Nationwide for the homes boom. 4 mil from inside the asked will cost you towards the tally.

New installing number made the acquisition out of Nationwide certainly one particular misguided takeovers regarding reputation for financial, analysts say.

The new terrible by the a distance, FBR Resource Areas specialist Paul Miller said – or perhaps the new terrible due to the fact the guy first started after the industry inside the 1992.