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Bank of America to Pay $9.5 Billion Over Mortgage Bonds

Posted on Mar 27, 2014
Bank of America to pay $9.5 bn over mortgage bonds (via AFP)

Bank of America will pay $9.5 billion to settle US charges that it sold bad mortgage-backed securities to mortgage giants Freddie Mac and Fannie Mae ahead of the housing bust. The settlement, arranged with the Federal Housing Finance Agency, which oversees…

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