BofA (BAC) Reaches $9.5B Mortgage Settlement With FHFA

Bank of America (BAC) announced on Wednesday that it had reached a $9.5 billion settlement with Fannie Mae and Freddie Mac for losses on securities backed by faulty mortgage loans issued during the housing boom. The settlement includes $6.3 billion in cash and $3.2 billion in securities that BofA will purchase from the two housing […] View the full post at: BofA (BAC) Reaches $9.5B Mortgage Settlement With FHFA Related posts: BofA Agrees in $8 bln Settlement Over Bad Mortgages FHFA Extends Refinance Program By One Year Judge Rejects BofA-SEC Settlement Over Merrill Bonuses