MBIA, BofA Strike Major $1.7B MBS Settlement

MBIA, BofA Strike Major $1.7B MBS Settlement

Bank of America Corp. agreed Monday to pay $1.7 billion to settle claims from the bond insurer MBIA Insurance Corp. over the bank’s allegedly faulty mortgage-backed securities, a major deal that ends litigation for two companies scarred by the 2008 ...read more

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