All Posts Tagged Tag: ‘FHFA’

Bank of America Settles Hefty $9.3M Lawsuit

Bank of American took quite a hit from the Federal Housing Finance Agency in a lawsuit that ended in a $9.33 million dollar lawsuit. The FHFA, which is the agency that oversees the operations of Fannie Mae and Freddie Mac, sued Bank of America as one of the 18 entities they sued for misrepresenting mortgages that were backed by Fannie …

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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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