Relevant:
- Fannie Mae Pays Banks $1.5 Billion So It Can Fire Them
- BofA May Sell Contracts on $300 Billion in Loans, Reuters Says
- FDIC to Sell Servicing Rights on $1 Billion of Mortgages
- Bank of America to Pay Fannie Mae $3.6 Billion
- Fed's 'Full-Speed Ahead' on Basel III To Slam Mortgage Servicing Rights In The US
2012-09-18 — bloomberg.com
Still, the taxpayer-owned company paid more than legally required to Bank of America and 12 other lenders when it spent $1.5 billion in termination fees for servicing rights on 1.1 million loans between 2008 and 2011, the Federal Housing Finance Agency Inspector General said in a report released today.
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