
The Federal Housing Finance Agency announced a settlement in cases involving Bank of America, Countrywide Financial, Merrill Lynch concerning alleged violations of federal and state securities laws in connection with private-label, residential mortgage-backed securities purchased by Fannie Mae and Freddie Mac between 2005 and 2007. For more info visit http://www.fhfa.gov/Media/PublicAffairs/Pages/FHFA-Announces-$9-3-Billion-Settlement-With-Bank-of-America-Corporation.aspx