Bank of America mortgage settlement Archives

BofA Settles with FGIC, Mellon Over Mortgage Securities for $950M

Bank of America Corp., the second- largest U.S. lender, said it reached a $950 million settlement tied to residential mortgage securities backed by Financial Guaranty Insurance Co. The accord ...

AIG Loses Bid to Delay BofA $8.5 Billion Mortgage Settlement

Bank of America Corp.'s $8.5 billion settlement with mortgage-bond investors won't be delayed after American International Group Inc. and other objectors asked for a hearing to address loan ...

BofA Rebuffs AIG Mediation Bid on $8.5 Billion Mortgage Deal

Bank of America Corp. said it won't renegotiate its $8.5 billion mortgage-bond settlement with investors after American International Group Inc., which opposes the deal, sought mediation. Bank of ...