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Bank of America to Pay $375 Million to Settle Fraud Claims with Insurer

NEW YORK - (Mealeys) Bank of America Corp. and its Countrywide Home Loans Inc. affiliate will pay $375 million to a financial guarantee insurer to settle claims that Countrywide misrepresented the standards used in underwriting mortgage loans that served as the basis for five securitizations of mortgage...

Bank Of America To Pay $3.6B To Settle Residential Mortgage Loan Issues

CHARLOTTE, N.C. - ( Mealey's ) Bank of America Corp. will pay $3.6 billion to Fannie Mae and repurchase $6.75 billion in certain residential mortgage loans sold to Fannie Mae to resolve certain issues "relating to the origination, sale and delivery of substantially all residential mortgage...