twitter
facebook
facebook

Bank of America settles with Fannie Mae

Written by Ashwin Rattan Monday, 07 January 2013 19:23
Rate this item
(1 vote)

 

Bank of America has agreed to pay US government mortgage agency Fannie Mae $3.6bn (£2.2bn) to settle claims relating to residential home loans.

 

In addition, it has agreed to buy back 30,000 mortgages for $6.75bn, and pay a further $1.3bn in compensation.

 

Click here for the full story.

 

Add comment


Search

// Wibiya toolbar