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Bank of America to pay Fannie Mae $10 billion

Bank of America to pay Fannie Mae 10: KansasCity.com

KansasCity.com

Monday, 7 January 2013

Bank of America will pay mortgage giant Fannie Mae $3.6 billion and buy back more than 30,000 loans to resolve a long-running dispute between the two, the bank announced Monday. The Charlotte bank will pay more than $10 billion in total.

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Second Curve's Brown on Bank of America and Fannie
Source: Bloomberg Jan. 8 (Bloomberg) -- Thomas Brown, chief executive officer at Second Curve Capital LLC and a Bloomberg contributing editor, talks about Bank of America Corp.’s agreement to an $11.7 billion package designed to resolve most mortgage disputes with U.S.-owned Fannie Mae. Brown speaks with Betty...

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