Tuesday, November 03, 2015

Bank of America agrees to $335 million settlement in mortgage case

Bank of America Corp. (NYSE:BAC) will pay $335 million in a settlement for a lawsuit that it misled investors regarding its mortgage-related activity.

Charlotte, North Carolina-based BofA was heavily involved in mortgages before the 2008 financial crisis and was caught up with others in risky subprime mortgages from its Countrywide purchase.

Bank of America Corp. (NYSE:BAC) will pay $335 million in a settlement for a lawsuit that it misled investors regarding its mortgage-related activity.
Bank of America Corp. (NYSE:BAC) will pay $335 million in a settlement for a lawsuit.


Patrick O'Grady/Dallas Business Journal