Stories Related to Dealbook: Bank Of America To Pay $10 Billion In Settlement With Fannie Mae

Countrywide

Bank of America agreed on Monday to pay more than $10 billion to Fannie Mae to settle claims over troubled mortgages that soured during the housing crash, mostly loans issued by the bank's Countrywide Financial subsidiary.

Sections:  news   business   
RELATED ARTICLES
  • Bill Gates repeats at top of Forbes' list of billionaires
    World's richest man got richer with $79. billion in 2015. More
  • US medicine spending shows rare dip
    Total U.S. spending on prescription medicines declined last year, a first in more than half a century. The dip was 1 percent, to $325.8 billion — a 3.5 percent drop after accounting for population growth and economic expansion, according to the IMS Institute for Healthcare Informatics. More
  • Microsoft may buy Barnes & Noble's Nook unit for $1 billion
    According to internal documents obtained by the website TechCrunch, Microsoft has offered $1 billion for the digital assets of Nook Media, Barnes & Noble's digital book venture. According to internal documents obtained by the website TechCrunch, Microsoft has offered $1 billion for the digital assets of Nook Media, Barnes & Noble's digital book venture. More
  • US casino revenue up nearly 5 percent in 2012
    Things are looking up for most of the nation’s commercial casinos, as gambling revenue increased by nearly 5 percent last year and jobs held roughly steady. According to the annual survey of casinos by the American Gaming Association, America’s nontribal casinos took in $37.3 billion from gamblers last year, an increase of 4.8 percent over 2011. More
  • YouTube Claims Victory Over TV - Battle Won With One Billion Visitors Per Month
    With more than one billion unique visitors every month, YouTube asserted last night that the battle between television and the online video giant is over. YouTube claimed victory with six billion views per month. According to the Wall Street Journal, which cited Mark Mahaney's estimates, a stock analyst at RBC Capital Markets,  that YouTube generated about $4 billion in revenue in 2012, up from $2.5 billion in 2011. More
BING NEWS:
  • Bank of America profit falls on lower customer interest payments
    Bank of America's first-quarter profit fell as its consumer division weakened and the lender wrote off more loans, particularly for credit cards. BofA is among the large lenders, including rival ...
    04/16/2024 - 12:06 am | View Link
  • Bank of America's 1Q profits fall 18% on higher expenses, charge-offs
    FILE - This Tuesday, Jan. 14, 2014, file photo shows a Bank of America ... to pay out to depositors, dropped from 2.20% in 2023 to 1.99% in 2024. In BofA's consumer banking division, its largest by ...
    04/15/2024 - 9:45 pm | View Link
  • Who Owns Bank of America?
    The largest Bank of America owner is Warren Buffett's Berkshire Hathaway, with a stake of about 13%. Institutional investors account for more than half of Bank of America's owners.
    04/15/2024 - 5:50 am | View Link
  • Apollo Valued Paramount at $26 Billion in Overture That Was Ignored
    Apollo Global Management, the investment firm, told Paramount over the weekend that it was interested in acquiring the entire company for more than $26 billion, including the value of Paramount ...
    04/2/2024 - 12:59 pm | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News