Mortgage News Daily – BofA Settles GSE Buyback Requests for Pennies on the Dollar

http://www.mortgagenewsdaily.com/01032011_gses_settle_with_boa_ally.asp BofA Settles GSE Buyback Requests for Pennies on the Dollar by Jann Swanson The Federal Housing Finance Agency (FHFA) has approved agreements reached by Freddie Mac and Fannie Mae (the Enterprises) with two of the enterprises’ counterparties, Bank of America (BofA) and Ally Financial Capital, LLC. The agreement with Ally also resolves a dispute [...]