Other big banks may face billions of dollars in potential settlements over mortgage claims in the wake of Bank of America’s $8.5 billion settlement deal, according to a report by the Wall Street Journal.

Charlotte, N.C.-based Bank of America said Wednesday the payment ends disagreement over 530 residential mortgage-backed securities with an original principal balance of $424 billion. With the cash payment and an additional $5.5 billion provision for further possible liability to be taken in the second quarter, the bank says it will have resolved nearly all of the problems related to mortgages made by Countrywide, which it bought three years ago.

Bank of America expects to lose up to $9.1 billion in the second quarter, which ended Thursday, as a result of the settlement and other mortgage-related costs.

The Journal cited analysts who said that based on the ratio Bank of America used in coming up with the amount to pay when it settled, JPMorgan Chase & Co. JPMorgan Chase & Co. Latest from The Business Journals Report urges investors to avoid YRC WorldwideJPMorgan Chase targets military customersStudy: Most executives expect 2011 revenue growth Follow this company could face a settlement up to $7.2 billion, Citigroup Inc. Citigroup Inc. Latest from The Business Journals JPMorgan Chase targets military customersCitigroup in talks for CitiFinancial saleCiti negotiating sale of consumer unit Follow this company could face up to $1.4 billion, while Wells Fargo & Co. Wells Fargo & Co. Latest from The Business Journals Citigroup in talks for CitiFinancial saleSocial media has profitable usesWill Morgan Keegan buy itself? Follow this company could face $700 million, Capital One Financial Corp. Capital One Financial Corp. Latest from The Business Journals Analyst: BofA settlement could hit other banksAnalyst: Bank of America settlement may lead to 0M hit at Capital OneTysons Corner near limit for office space Follow this company could face up to $600 million in any settlement, First Horizon National Corp. First Horizon National Corp. Latest from The Business Journals Analyst: BofA settlement could hit other banksAnalyst: Bank of America settlement may lead to 0M hit at Capital OneFifth Third to open most new branches since ’08 Follow this company and SunTrust Banks Inc. SunTrust Banks Inc. Latest from The Business Journals Lake Mary Preparatory turns offices into dorm roomsState Bank raising its flag in BuckheadAtlanta losing two top women execs Follow this company could face up to $200 million each in any settlement.

JPMorgan …

Charlotte, N.C.-based Bank of America said Wednesday the payment ends disagreement over 530 residential mortgage-backed securities with an original principal balance of $424 billion. With the cash payment and an additional $5.5 billion provision for further possible liability to be taken in the second quarter, the bank says it will have resolved nearly all of the problems related to mortgages made by Countrywide, which it bought three years ago.

Bank of America expects to lose up to $9.1 billion in the second quarter, which ended Thursday, as a result of the settlement and other mortgage-related costs.

The Journal cited analysts who said that based on the ratio Bank of America used in coming up with the amount to pay when it settled, JPMorgan Chase & Co. JPMorgan Chase & Co. Latest from The Business Journals Report urges investors to avoid YRC WorldwideJPMorgan Chase targets military customersStudy: Most executives expect 2011 revenue growth Follow this company could face a settlement up to $7.2 billion, Citigroup Inc. Citigroup Inc. Latest from The Business Journals JPMorgan Chase targets military customersCitigroup in talks for CitiFinancial saleCiti negotiating sale of consumer unit Follow this company could face up to $1.4 billion, while Wells Fargo & Co. Wells Fargo & Co. Latest from The Business Journals Citigroup in talks for CitiFinancial saleSocial media has profitable usesWill Morgan Keegan buy itself? Follow this company could face $700 million, Capital One Financial Corp. Capital One Financial Corp. Latest from The Business Journals Analyst: BofA settlement could hit other banksAnalyst: Bank of America settlement may lead to 0M hit at Capital OneTysons Corner near limit for office space Follow this company could face up to $600 million in any settlement, First Horizon National Corp. First Horizon National Corp. Latest from The Business Journals Analyst: BofA settlement could hit other banksAnalyst: Bank of America settlement may lead to 0M hit at Capital OneFifth Third to open most new branches since ’08 Follow this company and SunTrust Banks Inc. SunTrust Banks Inc. Latest from The Business Journals Lake Mary Preparatory turns offices into dorm roomsState Bank raising its flag in BuckheadAtlanta losing two top women execs Follow this company could face up to $200 million each in any settlement.

JPMorgan is the third-largest bank in the Dayton region, and Citigroup and Wells Fargo have operations in the region as well.

This is the third settlement agreement Bank of America has struck in the past six months to end disputes relating to mortgages made by Countrywide. The bank reached accords with government-backed lenders Fannie Mae Fannie Mae Latest from The Business Journals Realtors: Lower loan limit will hit Marin hardestFannie Mae saw hints of Taylor Bean mortgage fraud in 2000Bank of America agrees to landmark .5B settlement Follow this company and Freddie Mac Freddie Mac Latest from The Business Journals Freddie Mac: Mortgage rates near record lowsFreddie Mac opens books to investorsRealtors: Lower loan limit will hit Marin hardest Follow this company in January, followed three months later by a deal with Assured Guaranty Ltd. Assured Guaranty Ltd. Latest from The Business Journals Bank of America to pay .5B as mortgage woes hit bottom lineBank of America settles Countrywide mortgage claims for .5 billionBank of America settles Countrywide mortgage claims for .5 billion Follow this company to resolve the Bermuda-based insurer’s claims over 29 residential mortgage-backed securities.

A year ago, Bank of America agreed to pay $108 million to settle Federal Trade Commission allegations that Countrywide collected excessive fees from cash-strapped homeowners. That pact came two years after a $150 million multistate settlement was finalized over accusations of deceptive and misleading practices by Countrywide. That settlement brought Ohio $4.4 million.

This current settlement is with a group of investors that includes BlackRock Inc. BlackRock Inc. Latest from The Business Journals San Jose’s Central Park Plaza acquired San Jose’s Central Park Plaza purchasedMontgomery County comes through with 0K for biotech credit Follow this company ; MetLife Inc. MetLife Inc. Latest from The Business Journals Bank of America to pay .5B as mortgage woes hit bottom lineBofA agrees to .5B settlement of mortgage lawsuitBank of America nears .5B mortgage settlement Follow this company , which has a 800 employees at a regional facility in Dayton; and Pacific Investment Management Co., also known as Pimco.

The Dayton area is home to three Bank of America mortgage loan offices, and Bank of America also recently invested in downtown Dayton when it bought the city’s largest office tower. BofA paid $10.8 million in April for the 30-story office building.

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