FHFA seeking $6 billion from Bank of America in mortgage crisis settlement

BofA has faced a litany of litigation related to 2008’s failed mortgage-backed securities

J.P. Morgan and Chase Co. is set to pay a substantial sum to end probes into mortgage-backed securities. That price tag would be $13 billion in total, with $4 billion earmarked to settle claims from the Federal Housing Finance Agency (FHFA).

However, J.P. Morgan was not the only bank who got into lending trouble, and for Bank of America (BofA), the FHFA price tag could be even higher.

Assistant Editor

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Zach Warren

Zach Warren is Assistant Editor of InsideCounsel magazine, where he oversees online content submissions and administers InsideCounsel's enewsletters. Zach specializes in new media and multimedia...

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