Bank of America Corp. (BAC) agreed to pay mortgage finance firm Fannie Mae (FNMA) about $10.35 billion to settle agency mortgage repurchase claims on loans it originated and sold to Fannie Mae through the end of 2008.
Source: FULL ARTICLE at Fox Business Headlines
Tag Archives: BAC
BofA in Talks to Sell Some Mortgage Servicing Rights -Reuters
Bank of America Corp. (BAC) is in talks to sell servicing rights on about $300 billion in mortgages, Reuters reported Friday, citing two people familiar with the situation.
Source: FULL ARTICLE at Fox Business Headlines
Analyst Moves: ALGN, BAC
By MarketNewsVideo Align Technology (ALGN) was upgraded by Morgan Stanley (MS) to equal weight from underweight as better consumer trends and less competition should benefit the bottom line.
Source: FULL ARTICLE at Forbes Markets
IVE, BRK.B, BAC, CVS: Large Outflows Detected at ETF
By ETFChannel.comLooking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares S&P 500 Value Index Fund (AMEX: IVE) where we have detected an approximate $29.9 million dollar outflow — that’s a 0.6% decrease week over week (from 73,250,000 to 72,800,000). Among the largest underlying components of IVE, in trading today Berkshire Hathaway Inc. (NYSE: BRK.B) is trading flat, Bank of America Corp. (NYSE: BAC) is up about 0.7%, and CVS Caremark Corporation (NYSE: CVS) is relatively unchanged. For a complete list of holdings, visit the IVE Holdings page ยป
Source: Forbes Markets
STREET MOVES: Credit Suisse, Morgan Stanley Advisers Join Merrill
Bank of America Corp. (BAC) recently hired eight financial advisers from competitors Credit Suisse Group AG (CS, CSGN.VX), RBC Capital Markets and Morgan Stanley (MS) with a combined $920 million in assets under management, according to the firm.
Source: Fox Business Headlines
Bank of America Sues MBIA, Sends Insurer Notice of Default
Bank of America Corp. (BAC) said Thursday it had sued MBIA Inc. (MBI) in a New York court and accused the mortgage-bond insurer of defaulting on its debt.
Judge Allows BofA Suit over Taylor Bean
A federal judge said Bank of America Corp. (BAC) can move forward with its $1.7 billion lawsuit against the Federal Deposit Insurance Corp., as the bank continues it long-running battle over who is ultimately on the hook for losses tied to the multibillion-dollar fraud at disgraced lender Taylor Bean & Whitaker Mortgage Corp.
Source: Fox Business Headlines