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Bank of America to pay $11.6 bn in Fannie Mae deal

MENAFN.com
Monday, 7 January 2013

(MENAFN - AFP) Bank of America said Monday it would pay $11.6 billion to settle claims on soured loans sold to mortgage finance giant Fannie Mae.The settlement covers residential mortgage loans ...
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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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