Bank of America Settles Over Mortgage Loans

By | August 21, 2014

Scalper1 News

Bank of America and the Department of Justice announced a $16.65 billion settlement to resolve federal and state mortgage-backed securities fraud claims, the largest such deal on record and likely the last one against a big U.S. bank. To resolve civil claims, the Charlotte, N.C.-based Bank of America (BAC) will pay $9.65 billion in cash to the DOJ, the Securities and Exchange Commission and other government agencies as well as the states of Scalper1 News

Scalper1 News