Relevant:
- New Fannie Mae chief withdraws from BofA repurchase decisions
- BofA Clash With Fannie Mae Escalates Over Loan Buyback Stance
- Bank of America to Pay Fannie Mae $3.6B to Resolve Repurchase Issues
- BofA Clash With Fannie Intensifies as Insurers Reject More Loans
- Bank of America Weighs ‘Potential Responses' to Counter Fannie Mae Demands
2012-07-21 — housingwire.com
The new CEO of Fannie Mae will not be the decision maker on resolving repurchase issues between the GSE and Bank of America ($7.64 0.54%).
Fannie Mae severed some business ties with the bank late last year. The two sparred over defaulted mortgages Fannie forced BofA to buyback. The bank believed a multi-billion dollar settlement in 2010 covered
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