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.

  • BofA's $8.5 billion mortgage bond settlement wins approval
    NEW YORK - A New York state appeals court on Thursday approved Bank of America Corp's $8.5 billion settlement with mortgage securities investors in its entirety. The decision by the Appellate Division in Manhattan likely resolved one of the second-largest ...
    03/5/2015 - 7:00 pm | View Link
  • BofA’s $16.65 billion toxic mortgage settlement gets green light
    The record-setting settlement between ... mortgage-backed securities has cleared all of the regulatory and legal hurdles and is now finalized, according to a new report from Bloomberg. In August, BofA agreed to a $16.65 billion settlement over toxic ...
    11/26/2014 - 7:20 am | View Link
  • BofA Could See $4 Billion in Tax Savings From $16.65 Billion Settlement
    ... BAC-0.99 % will pay roughly $4 billion less to the government after tax than the $16.65 billion it agreed to in a settlement over soured mortgage securities, because parts of the settlement will be tax deductible, the bank said Thursday. Bank of ...
    08/21/2014 - 5:46 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 - 11:53 am | View Link
  • How painful is BofA's $17 billion settlement?
    WASHINGTON -- Bank of America has reached a record $17 billion settlement to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, officials directly familiar with the matter said Wednesday.
    08/20/2014 - 10:56 am | View Link
  • More
  • 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.
    11/29/2015 - 5:02 am | 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
    11/28/2015 - 3:26 pm | View Website
  • Judge Approves $2.43 Billion BofA Securities Fraud Class ...
    Judge Approves $2.43 Billion BofA Securities Fraud Class Action Settlement. By Sarah Pierce A Manhattan federal judge has approved a historic $2.43 billion class ...
    11/27/2015 - 1:39 pm | View Website
  • 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.
    11/27/2015 - 10:33 am | View Website
  • Enron Securities
    Welcome to the Enron Securities Litigation Web Site As of October 2014, we commenced mailing the remaining distribution of the Net Settlement Fund in the Enron ...
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