bank of america

Bank Of America Reaches $2.8 Billion Settlement With Fannie Mae & Freddie Mac Over Bad Mortgages

Bank Of America Reaches $2.8 Billion Settlement With Fannie Mae & Freddie Mac Over Bad Mortgages

The folks at Bank of America continue to feel the sting of all the bad mortgages they acquired when they adopted Countrywide in 2008. The bank has agreed to pay a total of over $2.8 billion to Fannie Mae and Freddie Mac to settle claims over questionable loans sold to the two government-sponsored enterprises. [More]