Comment: Bank of America settling with Fannie Mae for $11.6 billion

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Bank of America settling with Fannie Mae for $11.6 billion

Bank of America settling with Fannie Mae for $11.6 billion Reuters News. By Rick Rothacker and Tanya Agrawal

Bank of America entered an $11.6 billion settlement to end Fannie Mae's claims that the bank improperly sold it faulty mortgages, and to resolve problems with foreclosures, the companies said. Full Article

In related foreclosure news: Ten banks to pay $8.5 billion to end foreclosure reviews.

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