) --

Bank of America

(BAC) - Get Bank of America Corp Report

has resumed some foreclosures after a pause when it admitted problems with its procedures.

Attorneys at the bank are proceeding 16,000 cases this month, according to a Bank of America press release.

Wells Fargo

(WFC) - Get Wells Fargo & Company Report


JPMorgan Chase

(JPM) - Get JPMorgan Chase & Co. (JPM) Report

are also restarting foreclosures after reviewing their procedures, according to a report in

The Wall Street Journal


Despite the positive news for the bank and its investors, Bank of America and other institutions are far from out of the woods when it comes to mortgage-related legal challenges.

A report from Compass Point Research & Trading suggests banks face a far greater threat from investors challenges to mortgage backed securities they created and sold.

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The report estimates Bank of America could lose more than $30 billion due to investor "putbacks" of MBS, more than any other bank. JPMorgan has the second most exposure among U.S. banks, followed by

Goldman Sachs

(GS) - Get Goldman Sachs Group, Inc. (GS) Report


Mortgage Stanley

(MS) - Get Morgan Stanley (MS) Report



(C) - Get Citigroup Inc. Report



Written by Dan Freed in New York



Written by Dan Freed in New York


Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.