Bank of America will shell out billions to settle a deal with government mortgage agency Fannie Mae over claims that the bank sold the agency bad mortgages. The bank will pay Fannie Mae $3.6 billion in cash and buy back $6.75 billion in loans that Bank of America and Countrywide Financial sold to the agency between 2000 and 2008, The Washington
Bank of America to pay Fannie Mae billions for bad mortgages
In this Dec. 13, 2012 photo, a customer stops at a Bank […]