Justice Department, Department of Justice, civil settlement, toxic mortgages, Bank of America, BofA, Merrill Lynch, Countrywide Financial

News outlets are reporting that the U.S. Department of Justice and Bank of America are near agreement on a record civil settlement for actions arising out of the toxic mortgages, which significantly contributed to the financial crisis in the last decade.  Reports indicate that BofA will pay between $16 and $17 billion to settle investigations […]

Bank of America and Freddie Mac Agree to Settlement

The Bank of America and Freddie Mac have reached a settlement arising from disputes over residential mortgages that the bank sold to Freddie Mac between 2000 and 2009. Many of the loans were worthless. The settlement calls for the payment of $404 million to settle call claims arising from residential mortgage repurchase agreements as well […]