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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 ...
Source: Bloomberg
News video: BofA-Fannie Mae Deal a `Big Surprise,' Miller Says

BofA-Fannie Mae Deal a `Big Surprise,' Miller Says

Jan. 7 (Bloomberg) -- Paul Miller, an analyst at FBR Capital Markets, talks about Bank of America Corp.'s agreement to pay Fannie Mae $3.6 billion to resolve home-loan repurchase claims. He speaks with Erik Schatzker and Stephanie Ruhle on Bloomberg Television's "Market Makers." (Source:...

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