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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Fannie Mae (QB) | USOTC:FNMA | OTCMarkets | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.49 | 1.47 | 1.49 | 1.51 | 1.47 | 1.50 | 1,292,957 | 21:23:50 |
From May 2019 to May 2024
By John Kell
Bank of America Corp. on Wednesday said it would pay about $9.5 billion to settle all litigation by a top U.S. federal regulator over mortgage securities sold to Fannie Mae and Freddie Mac.
The second-largest U.S. lender by assets warned the settlement would trim first-quarter profit by about $3.7 billion before taxes, or 21 cents a share after tax.
The Federal Housing Finance Agency, which controls the government-backed mortgage giants, sued Bank of America and 17 other financial institutions in 2011 seeking unspecified damages on about $200 billion of mortgage-backed securities.
Write to John Kell at john.kell@wsj.com
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Visit http://www.companyspotlight.com/partner?cp_code=A591&isin=US0605051046
Access Investor Kit for Federal Home Loan Mortgage Corp.
Visit http://www.companyspotlight.com/partner?cp_code=A591&isin=US3134003017
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Visit http://www.companyspotlight.com/partner?cp_code=A591&isin=US3135861090
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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