BofA Resolves Fannie Mae, Freddie Mac Loan-Putback Dispute
January 3rd, 2011
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Bank of America Corp., the biggest U.S. lender by assets, paid $ 2.8 billion to Freddie Mac and Fannie Mae after the U.S.-owned firms demanded the company buy back mortgages they said were based on faulty data. The bank rose as much as 5.6 percent in New York trading.
BusinessWeek.com — Finance
