Bank of America Announces Fourth-Quarter Actions With Respect to Its Home Loans and Insurance Business
CHARLOTTE, N.C., Jan 03, 2011 (BUSINESS WIRE) — Bank of America today announced agreements with the Federal Home Loan Mortgage Corporation (Freddie Mac) and the Federal National Mortgage Association (Fannie Mae) to resolve repurchase claims involving certain residential mortgage loans sold to them by entities related to Countrywide Financial Corporation (legacy Countrywide).