Federal Housing Finance Agency v. Bank of America Corporation et al

  1. December 19, 2014

    CORRECTED: Judge Won't Change Order In Settled BofA Suit

    A New York federal judge has revised a 2012 order in Bank of America Corp.'s now-concluded legal tangle with the Federal Housing Finance Agency over mortgage-backed securities, but ultimately came to the same conclusion as in the original, saying Thursday that the fact that the sales transaction was hatched before a final prospectus was available was not, at the time, a dealbreaker. (Correction: A previous version of this article failed to explain the current status of the suit. The error has been corrected.)

  2. March 26, 2014

    BofA To Pay $9.3B To Settle Fannie, Freddie MBS Claims

    Bank of America Corp. has agreed to pay $9.3 billion to settle lawsuits filed in New York and California federal courts by the Federal Housing Finance Agency alleging the bank misrepresented billions of dollars in mortgage-backed securities sold to Fannie Mae and Freddie Mac that led to the financial crisis.