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Monthly Archive for: January 2013

Bank of America in $10 billion settlement with Fannie Mae

Posted January 8, 2013

Bank of America is continuing a large-scale retreat from its costly expansion into the home mortgage market, a shift that concentrates more power in the hands of its biggest rivals and leaves fewer options for some home buyers. The bank, which already has sharply scaled back in making mortgages, on Monday sold off about 20…(Continue Reading)