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All Posts Tagged Tag: ‘Federal Housing Finance Agency’

BofA Settlement Reaches $9.5 Billion

Bank of America has settled yet another expensive mortgage case. The Federal Housing Finance Agency (FHFA), which represents Fannie Mae and Freddie Mac, brought mortgage-backed securities allegations against the second largest bank in America. Now Bank of America will have to pay $9.5 billion in the settlement they agreed upon with FHFA on Wednesday. The FHFA “alleged violations of federal …

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