BofA To Pay $9.3B To Settle Fannie, Freddie MBS Claims
By Dan Ivers ( March 26, 2014, 6:20 PM EDT) -- Bank of America Corp. has agreed to pay $9.3 billion to settle lawsuits filed in New York and California federal courts by the Federal Housing Finance Agency alleging the bank misrepresented billions of dollars in mortgage-backed securities sold to Fannie Mae and Freddie Mac that led to the financial crisis....
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