Advanced Search

Volume 29 - Number 50

January 10, 2013

BofA’s ‘Comprehensive Resolution’ to Buyback Dispute With Fannie May Not Spur New Business

Bank of America and Fannie Mae this week announced a multibillion dollar settlement of their longstanding dispute over outstanding and potential repurchase claims from the government-sponsored enterprise dating back through much of the last decade. The “comprehensive resolution” covers current and future repurchase obligations related to loans with an outstanding balance of $297 billion, as of Nov. 30, 2012, that were originated by Countrywide Financial and Bank of America and sold to Fannie from Jan. 1, 2000, through Dec. 31, 2008. BofA will make...

Subscribers to Inside Mortgage Finance have full access to all its stories and data online. Visitors may become subscribers for full access or may purchase individual articles and data.

Subscriber Log In

If you are a current subscriber or already purchased this article, please login below.

Forgot your password?

Already subscribe but haven't registered for all the benefits of the website?


A weekly "must read" for industry executives. Thoroughly covers regulatory, political, legislative and market issues in the residential mortgage business.



You can purchase this article for $50.00 without subscribing and always have access to it on

Pay Per View

Please contact Customer Service if you need assistance: 1-800-570-5744


Which mortgage issue, in particular, keeps your management team up at night? (Check one only.)

TRID (Integrated Disclosures)
Uncertainty regarding "marketing service agreements"
Getting sued by HUD/DOJ for alleged underwriting violations
Declining loan volumes

vote to see results
Housing Pulse