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Bank of America in mortgage claims settlement

January 08, 2013

NEW YORK (AP) -- Bank of America reached an $11.6 billion settlement with government mortgage agency Fannie Mae to settle claims resulting from mortgage-backed investments that soured during the housing crash, bringing it a step closer to clearing up its legacy of bad home loans....

Source URL: http://hosted.ap.org/dynamic/stories/U/US_BANK_OF_AMERICA_FANNIE_MAE?SITE=ORLAG&SECTION=HOME&TEMPLATE=DEFAULT
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