Relevant:
- GSEs Remain Backdoor Bailouts for Banks
- Fannie Mae paid BofA premium to transfer soured loans: regulator
- Fannie Mae Didn't Overpay BofA for Servicing Rights, Audit Finds
- Fannie Mae Pays Banks $1.5 Billion So It Can Fire Them
- Inspector general says housing regulator failed to stop Fannie, Freddie mortgage issues
2012-09-20 — reuters.com
By Rick Rothacker
Tue Sep 18, 2012 12:10am EDT
(Reuters) - Fannie Mae agreed to pay Bank of America Corp about 20 percent more than it was contractually obligated to last year in order to transfer the servicing of troubled loans to another firm, a report by a watchdog found.
In a report to be issued on Tuesday, the inspector general for the Federal
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