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Bank Of America Got Off Easy In Settlement With Fannie & Freddie Mac

Tuesday, January 4, 2011 - 6:24 AM
From AP via Yahoo:
Bank of America Corp. reached a $2.8 billion settlement with Fannie Mae and Freddie Mac over claims that one of its businesses sold bad mortgages. The payment is far lower than analysts expected and removes some uncertainty that has hovered over the bank.

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Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
Rep Points: 125,077
1. Tuesday, January 4, 2011 - 8:02 PM
From AP via Yahoo:
Bank of America Corp. reached a $2.8 billion settlement with Fannie Mae and Freddie Mac over claims that one of its businesses sold bad mortgages. The payment is far lower than analysts expected and removes some uncertainty that has hovered over the bank.


Crooks!
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darkdreamer4udarkdreamer4u174 posts since
Jun 11, 2010
Rep Points: 632
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