BofA Agrees to Pay $9.3 Billion to Settle Mortgage Lawsuit

Bank of America Corp. agreed to pay about $9.3 billion to settle government claims tied to faulty mortgages.

The agreement covers residential mortgage-backed securities bought by Fannie Mae and Freddie Mac between 2005 and 2007, the Federal Housing Finance Agency said today in a statement.

To contact the reporter on this story: Hugh Son in New York at

To contact the editor responsible for this story: Peter Eichenbaum at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.