Bank of America is still digging out from its 2008 purchase of Countrywide.
In 2011, the bank has spent about $30 billion settling mortgage claims.
Subprime lending was the largest cause of the housing crash and Countrywide was the largest subprime lending firm.
The NYT says: The huge overhang of bad mortgage debt has been weighing down shares of Bank of America for months, despite deals like an $8.5 billion agreement in June with private investors to resolve claims related to bad loans underwritten by Countrywide. Investors fear the bank could still have to pay tens of billions of dollars more. Bank of America shares were trading at just over $7 at midday Thursday, down more than 50 percent from where they started 2011.