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 from court In January, Bank of America Corp (NYSE:BAC) received approval from the State Supreme Court in Manhattan for its $8.5 billion…
BofA To Pay $9.3B To Settle With Fannie Mae, Freddie Mac Regulator
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports