Wednesday, August 6, 2014

BofA Said Nearing Up to $17 Billion Mortgage Settlemen

The Justice Department last year reached a $13 billion settlement with JPMorgan and in July announced a $7 billion settlement with Citigroup.
After months of lowball offers and heels dug in, it took only 24 hours for Bank of America to suddenly cave in to the government, agreeing to the largest federal settlement in the history of corporate America.
Bank of America nears $16-$17B settlement with US: Source
BofA Said Nearing Up to $17 Billion Mortgage Settlement

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