BofA Agrees To $8.5B Settlement Over Soured Mortgages

By Evan Weinberger (June 29, 2011, 12:01 PM EDT) -- Bank of America Corp. agreed Wednesday in New York state court to pay $8.5 billion to resolve claims brought by holders of Countrywide Financial Corp. securities backed by subprime mortgages that went bust as the housing bubble burst....

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