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.

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  • 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 ...
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  • How painful is BofA's $17 billion settlement?
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  • 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 ...
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  • 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.
    10/20/2016 - 7:16 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.
    10/19/2016 - 6:27 pm | View Website
  • $8.5 Billion BofA Settlement of Countrywide Trusts Raises ...
    As more details emerge about Bank of America's proposed $8.5 billion settlement with Kathy Patrick's bondholder group and Bank of New York Mellon ("BoNY") as Trustee ...
    10/17/2016 - 12:53 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
    10/14/2016 - 7:13 am | View Website
  • Deutsche Bank Dives As DOJ Seeks $14 Billion Mortgage ...
    Deutsche Bank fell after confirming that the DOJ proposed it pay $14 billion regarding 2005-2007 mortgage securities.
    09/15/2016 - 6:46 pm | View Website
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