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Bank of America to pay Fannie Mae $10 billion

Bank of America to pay Fannie Mae 10: KansasCity.comKansasCity.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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Source: Financial News Network - on January 7, 2013

News video: Bank of America Reaches $10.3 billion Deal With Fannie Mae

Bank of America Reaches $10.3 billion Deal With Fannie Mae

Bank of America (NYSE:BAC) reaching a $10.3 billion deal with Fannie Mae over the sale of questionable home loans that contributed to the 2008 housing crisis. The big bank will pay $3.55 billion in cash to Fannie and repurchase 30,000 of the questionable

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