The payment settles a lawsuit arising out of troubled mortgage-backed securities the bank cobbled together and sold to Fannie Mae and Freddie Mac in the run-up to the financial crisis.
DealBook: Bank of America to Pay $6.3 Billion to Settle Mortgage Securities Suit
The New York Times - 27 Mar 2014 01:54
The payment settles a lawsuit arising out of troubled mortgage-backed securities the bank cobbled together and sold to Fannie Mae and Freddie Mac in the run-up to the financial crisis.
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