Bank of America on Monday announced roughly $11.6 billion of settlements with mortgage finance company Fannie Mae and a $1.8 billion sale of collection rights on home loans, in a series of deals meant to help the bank move past its disastrous 2008 purchase of Countrywide Financial Corp. The settlements […]
Author: InvestAdvocate
Bank of America to pay $3.6 billion to Fannie Mae to settle mortgage claims
Bank of America on Monday announced roughly $11.6 billion of settlements with mortgage finance company Fannie Mae and a $1.8 billion sale of collection rights on home loans, in a series of deals meant to help the bank move past its disastrous 2008 purchase of Countrywide Financial Corp. The settlements […]
CBN Extends Deadline for Accepting Legacy Banks’ Cheques
The Central Bank of Nigeria (CBN) has announced the extension of the deadline for the acceptance of legacy bank cheques to March 31, 2013. The CBN had previously fixed a January 2, 2013 deadline and had vowed to sanction banks that failed to adhere to the directive. A note from […]
