Tuesday, January 8, 2013

Bank of America admits wrongdoing: BOA pays $10B or half of $20B Fannie Mae settlement

Whoops Whoops Sorry - wrong blog... But if you want more on this..  .check out Foreclosures Evictions and You or Google for info. I told all those movie stars and celebrities not to go accept foreclosure so quickly!

Long story short:: 10  (actually 14) banks are settling with Fannie Mae for $20 Billion dollars.   BOA (Bank of America) is paying $10B  of the settlement money and has admitted to years of wrongdoing in order to prevent further probing. The 13 other banks matter if you had them as a servicer. ramifications for homeowners is not totally clear yet (in my mind).   

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