Banks Reach Settlement on Mortgages »

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Bank of America agreed on Monday to pay more than $10 billion to Fannie Mae to settle claims over troubled mortgages, mostly at its Countrywide Financial subsidiary. Separately, federal regulators reached an $8.5 billion settlement on Monday to resolve claims of foreclosure abuses with 10 major lenders, including Bank of America, JPMorgan Chase and Citibank. Source Main page (current trends)

More about: Bank of America, Banks Reach Settlement, Countrywide Financial subsidiary, Fannie Mae, Federal regulators, JPMorgan Chase, Mortgages

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