Bank Of America (BOA)

Bank Of America To Pay Fannie Mae $3.6B, Buy Back $6.75B In Mortgages

Mark Memmott — Mon, 07 Jan 2013 13:39:00 +0000

Bank of America announced this morning that it will pay the Federal National Mortgage Association (Fannie Mae) $3.6 billion in cash and will buy back $6.75 billion worth of mortgages to resolve claims related to mortgage-backed securities sold to Fannie Mae by the bank and Countrywide Financial Corp.

Bank Of America To Pay $2.43 Billion In Settlement

Fri, 28 Sep 2012 16:12:00 +0000

Transcript

STEVE INSKEEP, HOST:

NPR's business news begins with more fallout from the financial crisis.

(SOUNDBITE OF MUSIC)

INSKEEP: Bank of America said this morning, it will pay almost two and a half billion dollars to settle a lawsuit related to its purchase of investment bank Merrill Lynch in 2008. That was the height of the financial crisis and investors who owned Bank of America stock at the time brought the lawsuit. They claimed Bank of America officials made false statements about the health of both companies at the time of the merger.

Bank Of America To Pay $2.43 Billion To Settle Class Action Lawsuit

Mark Memmott — Fri, 28 Sep 2012 13:33:00 +0000

While denying it did anything wrong, Bank of America announced this morning it will pay "$2.43 billion and institute certain corporate governance policies ...

Mortgage Settlement Overseer issues Report

Yuki Noguchi — Thu, 30 Aug 2012 09:56:00 +0000

Transcript

STEVE INSKEEP, HOST:

Let's follow up on another story. Earlier this year, five big banks settled the so-called robo-signing case, admitting they rushed the foreclosure processes for thousands of homeowners.

Bank Of America Hasn't Modified Any Mortgages, As It Had Agreed To

Eyder Peralta — Wed, 29 Aug 2012 18:43:00 +0000

Last February, five major banks came to an agreement with the United States government that would provide $26 billion in mortgage relief aid to homeowners.

Today, the program's administrator issued its first report and it found that Bank of America, which was responsible for the biggest portion of the agreement, hasn't modified a single first-mortgage.

The