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In the discussion thread: Bank of America to Pay $10 Billion in Settlement With Fannie Mae [View all]

Mon Jan 7, 2013, 10:23 AM

2. Fannie, whose CEO Tim Mayopoulous was BofA's former General Counsel

Wow, I'm sure the American people got a good settlement there.

And am I reading this right?

The majority of the settlement is for BofA to buy back homes on the cheap.

"spend $6.75 billion to buy back mortgages from the housing finance giant at a discount to their original value"

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7 replies	Author	Time	Post
Bank of America to Pay $10 Billion in Settlement With Fannie Mae [View all]	ProSense	Jan 2013	OP
But not a penny to me for the several thousand dollars in damage it did to my finances last year	slackmaster	Jan 2013	#1
Fannie, whose CEO Tim Mayopoulous was BofA's former General Counsel	No Compromise	Jan 2013	#2
no answer from prosense?	No Compromise	Jan 2013	#3
Yes.	ProSense	Jan 2013	#4
Now, I'll answer your question	ProSense	Jan 2013	#6
So they get to buy back properties and restart the bubble?	leftstreet	Jan 2013	#5
Repubs loaded FMFM with the worst loans, then pointed to it as a bad government idea.	Festivito	Jan 2013	#7

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