All
 

 

Just in:  

You are here: Home»Top News»Front Top News»Bank of America to pay $11.6bn in Fannie Mae deal

bank-of-americaWASHINGTON: Bank of America said Monday it would pay $11.6 billion to settle claims on soured loans sold to mortgage finance giant Fannie Mae.

 

The settlement covers residential mortgage loans originated and sold directly to Fannie Mae from January 1, 2000, through December 31, 2008, the big US bank said in a statement.

 

Under the agreements, Bank of America will pay $3.55 billion in cash to the government-controlled Federal National Mortgage Association (Fannie Mae) and repurchase for $6.75 billion some residential mortgage loans sold to Fannie Mae.

 

In addition, Bank of America will pay $1.3 billion to address servicing issues, Fannie Mae said in a separate statement.

 

Copyright AFP (Agence France-Presse), 2013


 



 
Index Closing Chg%
Arrow DJIA 17,106.70 0.17
Arrow Nasdaq 4,570.64 0.29
Arrow S&P 2,000.02 0.11
Arrow FTSE 6,822.76 0.70
Arrow DAX 9,588.15 0.82
Arrow CAC-40 4,393.41 1.18
Arrow Nikkei 15,521.22 0.59
Arrow H.Seng 25,074.50 0.37
Arrow Sensex 26,442.81 0.02





where to buy

cheap wedding dresses

online - weddingdresstrend.com

Buy cheap Nike Mercurials cleats at mercurialscleats.com
cheap wedding dresses on SiteSteer.com - Best Online Wedding Store


Banking Review 2013


Buy direct from

China free shipping trade platform

Buy new style hair wigs at cheap price on Ishowigs.com

Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 25, 2014
Reserves $13.925 bln