Bank of America Corp Offers $13B To Settle Mortgage Probe

Bank of America Corp (NYSE:BAC) has reportedly enhanced its offer from $12 billion to $13 billion to settle a probe into mortgage securities sold by the bank, according to a July 16th Wall Street Journal report. Citing people familiar with the development, The Wall Street Journal reports the bank met with U.S. Justice Department representatives on Tuesday, although apparently no progress was made towards a final deal. Bank of America’s deal with DOJ As reported by ValueWalk, last month, Bank of America Corp (NYSE:BAC) was said to be in advanced negotiations to pay no less than $12 billion for its…