2012-08-20housingwire.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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