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Clone of Bank of america settlement september 2012

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Bank of America to pay Fannie Mae billions for bad mortgages
The bank will pay Fannie $3.6 billion in cash and buy back $6.75 billion in loans it sold to the government mortgage agency.
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Clone of Bank of america settlement september 2012

Bank of America on Monday announced it will pay roughly $11.6 billion in a settlement with government mortgage finance company Fannie Mae over claims it sold bad mortgages.

Spencer Platt
AFP/Getty Images