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Loan Modification

: The Truth About Mortgage.com

Bank of America Settles Loan Repurchase Requests with Fannie, Freddie

By scot184

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Bank of America announced today that it reached loan repurchase agreements with both Fannie Mae and Freddie Mac concerning certain legacy Countrywide mortgages. The Charlotte-based bank and mortgage lender agreed to pay the pair roughly $1.3 billion each to settle any alleged breaches of selling representations and warranties related to the loans. However, the agreements [...]

Full post as published by The Truth About Mortgage.com on January 03, 2011 (boomark / email).

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B of A settles with Fannie and Freddie

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