FHFA Bank of America

I got news on internet about Settlement between FHFA and Bank of America. So is there anybody who will provide complete details related to Settlement?

The FHFA has Announced $9.3 Billion Settlement With Bank of America Corporation.

FHFA and Bank of America SETTLEMENT AGREEMENT
The Agreement provides for an aggregate payment of approximately $9.33 billion by Bank of America that includes the litigation resolution as well as a purchase of securities by Bank of America from Fannie Mae and Freddie Mac.

Of the 18 PLS suits filed in 2011, FHFA now has claims remaining in seven suits against various institutions and remains committed to satisfactory resolution of these pending actions.

The settlement agreement regarding private label securities claims between FHFA and Bank of America involves the following cases:
Federal Housing Finance Agency v. Bank of America Corp., et al.,
No. 11 Civ. 6195 (DLC) (S.D.N.Y.);

Federal Housing Finance Agency v. Countrywide Financial Corp., et al.,
No. 12 Civ. 1059 (MRP) (C.D. Cal.);

Federal Housing Finance Agency v. Merrill Lynch & Co., Inc., et al.,
No. 11 Civ. 6202 (DLC) (S.D.N.Y.); as well as one Merrill Lynch security in

Federal Housing Finance Agency v. First Horizon National Corp.,
No. 11 Civ. 6193 (DLC) (S.D.N.Y.)




Contacts:
Corinne Russell (202) 649-3032 / Stefanie Johnson (202) 649-3030

Attached Files Available for Download

FHFA and Bank of America SETTLEMENT AGREEMENT.pdf (1.15 MB, 13 views)

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