By: Stocks To Watch
January 07, 2013 at 13:35 PM EST
BofA Settles With Fannie, Big Banks Come To Robo-Foreclosure Agreement
Financials and Bank of America (BAC) are making waves ahead of the start of earnings season tomorrow. Earlier today, BofA announced that it had reached an agreement with Fannie Mae (FNMA) over disputed mortgages. The $11.6 billion settlement includes a $3.55 billion cash payment and $6.75 billion in buybacks of mortgage loans gone bad. Additionally, [...]
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