Bank of America In $404M Settlement With Freddie Mac – ValueWalk Premium
Bank of America

Bank of America In $404M Settlement With Freddie Mac

Bank of America Corp (NYSE:BAC) said it reached a $404 million settlement with Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) to resolve claims stemming from residential mortgage loans the bank sold to Freddie.

The second-biggest U.S. lender announced it settled all claims with Freddie Mac arising from residential mortgages sold to the government-backed housing agency through the end of 2009.

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