BofA To Pay $9.3B To Settle With Fannie Mae, Freddie Mac RegulatorMani
BofA reached a $9.3 billion settlement for claims that it sold Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) faulty mortgage bonds.
The Federal Housing Finance Agency, which regulates the GSEs, announced Wednesday afternoon that the settlement is an "important step in helping restore stability to our broader mortgage market and moving to bring back the role of private firms in providing mortgage credit."
BofA approval . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email firstname.lastname@example.org and we will get back to you as quick as humanly possible