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 […]
Tag: Mortgage
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 […]
Home prices rose in ninth straight month: S&P
Single-family home prices rose in October for nine months in a row, reinforcing the view the domestic real estate market is improving and should bolster the economy in 2013, a closely watched survey showed on Wednesday. The S&P/Case Shiller composite index of 20 metropolitan areas gained 0.7 percent in October […]
