BofA Agrees to Pay Fannie Mae $3.6 Billion in Mortgage Deal

BofA Agrees to Pay Fannie Mae $3.6 Billion in Mortgage Deal

Andrew Harrer/Bloomberg

Fannie Mae, Freddie Mac and other buyers of mortgages have demanded compensation for loans created by Countrywide Financial Corp., which Bank of America acquired in 2008, claiming the loans were based on flawed data about the properties and borrowers.