Fannie Threatened to Block B of A Asset Sales to Settle Mortgage Battle

Fannie Mae was able to extract an $11.6 billion mortgage-repurchase settlement from Bank of America this year because the bank needed Fannie’s approval to sell billions of dollars in servicing rights.

Article source: http://www.nationalmortgagenews.com/features/Fannie-Threatened-Asset-Sales-Settle-Mortgage-Battle-1038349-1.html

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