Bank of America reaches multi-billion dollar deal with Fannie Mae

NEW YORK – Bank of America reached an $11.6 billion settlement with government mortgage agency Fannie Mae to settle claims resulting from mortgage-backed investments that soured during the.

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Bank of America announced Monday that it had paid more than $2.5 billion to buy back troubled mortgages and resolve related claims from Fannie Mae and Freddie Mac – deals that may prompt. which.

Separately, Bank of America agreed on Monday to pay more than $10 billion to Fannie Mae to. the latest multi-billion-dollar settlements, the nation’s mortgage lenders are hoping to put the mortgage.

Bank of America has reached a settlement with Fannie Mae on residential mortgage loans sold by the bank and its Countrywide unit to the agency ahead of the nation’s 2008 financial crisis. The.

Attorney General Eric Holder and Associate Attorney General tony west announced today that the Department of Justice has reached a $16.65 billion settlement with Bank of America Corporation – the largest civil settlement with a single entity in American history – to resolve federal and state claims against Bank of America and its former and current subsidiaries, including Countrywide.

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Bank of America has reached a settlement agreement with the Federal National Mortgage Association (Fannie Mae) that will resolve the issue of repurchase residential mortgage claims. Entities associated with Countrywide Financial Corporation and Bank of America originated and sold these claims to Fannie Mae from January 1, 2000 through December 31, 2008.

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Separately, Bank of America agreed Monday to pay $11.6 billion to government-backed mortgage financier Fannie Mae to settle claims related to mortgages that soured during the housing crash.