BofA Mortgage-Case Talks Said to Include Consumer Relief
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Bank of America Corp., in talks to resolve probes into its handling of mortgages ahead of the financial crisis, would provide at least $5 billion in relief to consumers as part of a proposed settlement, a person familiar with the talks said.
U.S. prosecutors have been seeking more than $13 billion from the firm to resolve federal and state investigations into its sales of mortgage-backed securities, people with knowledge of the situation told Bloomberg News in April.