Tag: The Federal Housing Finance Agency

• Friday, March 28th 2014 - 06:26 UTC

  Bank of America agrees to pay 9.5bn to settle charges from US housing collapse

  

  Bank of America agreed to pay 9.5bn to settle charges it misled US mortgage lenders Fannie Mae and Freddie Mac before the housing crisis in 2008. The bank will pay 6.3bn in cash and buy back 3.2bn in mortgage securities.

• Saturday, September 3rd 2011 - 00:44 UTC

  US government to sue 17 major banks for losses on sub-prime mortgages

  

  US authorities announced legal actions against 17 major banks for losses on mortgage-backed investments that cost taxpayers tens of billions of dollars. The Federal Housing Finance Agency said it was taking action against banks including Goldman Sachs, Barclays, Bank of America, Deutsche Bank, and HSBC.