Tuesday, January 8, 2013

BofA in $10 billion settlement with Fannie Mae


msnbc.com: Top msnbc.com headlines
Bank of America said Monday it reached a $10 billion settlement with Fannie Mae to resolve claims related to the sale and delivery of residential mortgage loans. The bank will pay Fannie Mae $3.6 billion, and buy back $6.8 billion in loans to settle mortgage claims.Bank of America said Monday it reached a $10 billion settlement with Fannie Mae to resolve claims related to the sale and delivery of residential mortgage loans. The bank will pay Fannie Mae $3.6 billion, and buy back $6.8 billion in loans to settle mortgage claims.

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