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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.

 

Fannie, Freddie debate heats up

House lawmakers hold their first hearing about how to restructure the mortgage system.

 

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