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Federal Housing Finance Agency v. Merrill Lynch & Co., Inc. et al
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March 26, 2014
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.
November 08, 2012
A New York federal judge on Thursday refused to let Merrill Lynch & Co. skirt the Federal Housing Finance Agency's suit accusing it of lying to Fannie Mae and Freddie Mac about the quality of nearly $24.9 billion in residential mortgage backed securities.