Tag: US mortgage market

• Tuesday, January 8th 2013 - 21:13 UTC

  Sub-prime mortgage scandal: several US banks agree compensations totalling 20bn

  

  Bank of America has agreed to pay US government mortgage agency Fannie Mae 11.6bn dollars to settle claims relating to residential home loans. The bank will pay 10.3bn to settle claims relating to the loans and 1.3bn in compensation to the agency.