BofA Settles with Fannie, Freddie Over Countrywide Repurchases
Bank of America paid $1.28 billion to Freddie Mac and $1.34 billion to Fannie Mae last week as part of the settlement.
Palm Coast, FL – January 3, 2011
The bank holding company said it now "believes that it has addressed its remaining exposure to repurchase obligations for residential mortgage loans sold directly to the GSEs."
Bank of America paid $1.28 billion to Freddie Mac and $1.34 billion to Fannie Mae last week as part of the settlement.
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