BoA to Pay Mortgage Investors Record $500M Settlement
- Monday, 22 April 2013
- News Roundup
Photo of Bank of America ATM Machine by Brian Katt, Framingham Rest Stop, Massachusetts. (Photo credit: Wikipedia)
Bank of America last week agreed to pay investors who claim they were misled into buying risky mortgage debt $500 million—the most ever paid to settle a federal class action over mortgage-backed securities, Reuters reports.
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