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Bank of America to Pay $6.3 Billion To Settle Mortgage Securities Suit

New York Times Original article ›

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LyrArc Article Gist
The $6.3 billion settlement of Bank of America for mortgage securities and acquisition of Merrill Lynch under Ken Lewis. This settlement is for a lawsuit for troubled mortgage securities sold to Fannie Mae and Freddie Mac before the 2008 financial crisis. It was filed by the regulator Federal Housing Finance Agency.

Bank of America mortgage settlements

01/05/2009

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A Toxic Subprime Mortgage Bond's Legacy Lives On

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Bank of America to Pay $6.3 Billion To Settle Mortgage Securities Suit

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Bank of America Swings to Loss on Legal Charge, Lower Mortgage Originations

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Bank of America to Pay $17 Billion in Justice Department Settlement

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Bank of America and the U.S. Bancorp mortgage lawsuit

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Legal action against Bank of America.

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A Toxic Subprime Mortgage Bond's Legacy Lives On

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Bank of America to Pay $6.3 Billion To Settle Mortgage Securities Suit

New York Times 03/26/2014

BofA Faces Fresh Mortgage Suit

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Bank of America Settlement Faces Growing Challenges

New York Times 08/31/2011

Nevada Accuses Bank of America of Breaching Mortgage Accord

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U.S. Said to Be Ready to Sue Banks Over Mortgages

New York Times 09/01/2011

Case against Countrywide under the Firrea Act of 1989 for the "Hustle" mortgage program

10/15/2010

The case brought by the U.S. Attorney for the Southern District of New York against Bank of America's Countrywide unit for misrepresenting mortgages sold to Fannie and Freddie mortgage agencies. The case is being made under the Financial Institutions Reform, Recovery and Enforcement Act of 1989, which was a result of the U.S. Savings and Loans crisis.

Grouped Articles

Court Weighs Penalty in Bank of America 'Hustle' Case

Wall Street Journal 12/06/2013

Angelo Mozilo of Countrywide Settles Fraud Case for $67.5 Million

New York Times 10/15/2010

Bank of America to Pay $6.3 Billion To Settle Mortgage Securities Suit

New York Times 03/26/2014

BofA Deal With U.S. Is Hung Up Over Penalties Tied to Countrywide, Merrill

Wall Street Journal 07/29/2014

Judge Orders Bank of America to Pay $1.27 Billion in 'Hustle' Case

Wall Street Journal 07/30/2014

U.S. Seeks $2.1 Billion From Bank of America Over 'Hustle' Program

Wall Street Journal 07/30/2014

Bank of America and the lawsuit related to the Merrill Lynch acquisition

01/17/2009

Grouped Articles

Pain of Thain Falls Mainly on Merrill

Wall Street Journal 06/06/2013

Bank of America to Pay $6.3 Billion To Settle Mortgage Securities Suit

New York Times 03/26/2014

BofA Deal With U.S. Is Hung Up Over Penalties Tied to Countrywide, Merrill

Wall Street Journal 07/29/2014

A $50 Billion Claim of Havoc Looms for Bank of America

New York Times 09/28/2011

At Bank of America Merrill Lynch, Profits but No Joy

New York Times 10/01/2011

Bank of America Settlement in Lawsuit Is Challenged

New York Times 04/20/2012

Bank of America after Ken Lewis.

01/17/2009

Grouped Articles

Bank of America to Pay $6.3 Billion To Settle Mortgage Securities Suit

New York Times 03/26/2014

Bank of America Chief Resigns Under Fire

Wall Street Journal 10/01/2009

Job's Breadth Poses Challenge to Possible Successors

Wall Street Journal 10/01/2009

Perils for Big Players Stir Management Changes at the Top

Wall Street Journal 10/01/2009

A Dealmaker Out of Time

Wall Street Journal 09/30/2009

Ken Lewis’ Farewell Letter: A Journey “Not For the Faint of Heart”

Wall Street Journal 09/30/2009

New York Attorney General Schneiderman and mortgage securities settlements

08/21/2011

Pressure brought on Schneiderman by the Obama administration for mortgage securities settlements that would limit future investigation.

Grouped Articles

Bank of America to Pay $6.3 Billion To Settle Mortgage Securities Suit

New York Times 03/26/2014

Schneiderman Is Said to Face Pressure to Back Bank Deal

New York Times 08/21/2011

Its a Flawed Settlement

New York Times 08/22/2011

Bank of America Settlement Faces Growing Challenges

New York Times 08/31/2011

Nevada Accuses Bank of America of Breaching Mortgage Accord

New York Times 08/30/2011

Banks, State Reach a Deal

Wall Street Journal 09/01/2011


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