Bofa Near $8.5 Billion Settlement On Securities: Report

BofA near $8.5 billion settlement on securities: report

NEW YORK (Reuters) - Bank of America Corp is close to a deal to pay $8.5 billion to settle claims from investors that lost money on mortgage-backed securities, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

  • Upgrades on $6 Billion RMBS from BofA Settlement
    Dozens of tranches from over $6 billion in Alt-A and option-ARM residential mortgage-backed securities have been upgraded thanks to Bank of America Corp.'s massive settlement. An $8.5 billion settlement between Bank of America, N.A., and RMBS trustee Bank ...
    09/20/2016 - 3:40 am | View Link
  • BofA’s $16 billion settlement on hold due to SEC fight
    The record-setting settlement ... mortgage-backed securities is on hold due to political in-fighting at the Securities and Exchange Commission, according to a report from Bloomberg. In August, BofA agreed to a $16.65 billion settlement over toxic mortgages ...
    10/27/2014 - 10:28 am | View Link
  • BofA reaches $17 billion settlement over sale of mortgage-backed securities
    Officials familiar with the deal say Bank of America has reached a record $17 billion settlement with federal and state authorities over its role in the sale of mortgage-backed securities in the run-up to the 2008 financial crisis. The officials say the ...
    08/20/2014 - 11:23 am | View Link
  • BofA reportedly in $17-billion settlement over toxic loan securities
    Bank of America Corp. has agreed to fork over nearly $17 billion to settle government claims over toxic mortgage securities that helped trigger the Great Recession, according to people close to the negotiations with the Justice Department. The agreement ...
    08/6/2014 - 5:01 pm | View Link
  • BofA to spend $9.3 billion in FHFA settlement
    Bank of America will spend $9.33 billion to resolve a dispute over mortgage securities with the Federal Housing Finance ... its former chief executive Kenneth Lewis reached a $25 million settlement to end an investigation into their actions in the 2008 ...
    03/26/2014 - 11:25 am | View Link
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  • Bank of America Newsroom
    Welcome to the Bank of America newsroom. Learn more about the bank, our executives, and the latest Bank of America news, announcements and initiatives.
    09/23/2016 - 10:26 pm | View Website
  • Home | Trading Strategies, Financial Commentary ...
    Real Money from TheStreet: Financial blogs, trading strategies and conversations with financial advisors, hedge fund managers, CFAs and renowned value investors.
    09/23/2016 - 4:56 pm | View Website
  • Bank of America
    Bank of America (abbreviated as BoA or BofA) is an American multinational banking and financial services corporation headquartered in Charlotte, North Carolina.
    09/22/2016 - 8:54 pm | View Website
  • Bank of America Reaches Comprehensive Settlement With U.S ...
    Bank of America announced today that it has reached a comprehensive settlement with the U.S. Department of Justice (DoJ), certain federal agencies and six states.
    09/21/2016 - 6:39 pm | View Website
  • Gibbs & Bruns' Countrywide RMBS Settlement Details
    22 Institutional Investors in Countrywide-Issued RMBS Announce Global Settlement of Mortgage Repurchase and Servicing Claims for 530 Countrywide-Issued RMBS Trusts
    09/21/2016 - 2:57 pm | View Website
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