B of A Will Pay $315 Million to Settle MBS Claims

Bank of America Corp. has agreed to pay $315 million to settle claims that its Merrill Lynch unit made false and misleading statements about the quality of subprime mortgage-backed securities it sold to investors.

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_490/b-of-a-pay-315mm-settle-mbs-claims-1027746-1.html

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