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Bank of America Settles Remaining Mortgage Repurchase Claims with Freddie Mac for $404 Million

Bank of America has reached an agreement with the Federal Home Loan Mortgage Corporation (Freddie Mac) to resolve all remaining representations and warranties claims for residential mortgage loans sold to Freddie Mac through the end of 2009. Under terms of the agreement, Bank of America will pay Freddie...

Bank of America Wins Reversal of Sanctions in Mortgage Foreclosure Case

An intermediate appellate court in New York has reversed a trial court’s decision sanctioning Bank of America for its actions in a home mortgage foreclosure case. The trial court had decided that the bank’s refusal to consider a reduction in principal owed by the homeowner, John A. Lucido...