Certified Forensic Loan Auditors, LLC

  Upcoming Classes

Search CFLA's Article Archive:

BofA Settlement: $9.5B to Settle Fannie Mae and Freddie Mac Claims

personalliberty.com | March 31, 2014

By UPI - United Press International, Inc.

Bank of America agreed Wednesday to pay $9.5 billion to settle claims by government-sponsored mortgage finance giants Fannie Mae and Freddie Mac.

The settlement is compensation the two lenders demanded in exchange for losses on securities backed by faulty loans during the housing boom.

Bank of America said the settlement would satisfy all claims against the bank by the Federal Housing Finance Agency, which regulates Fannie Mae and Freddie Mac.

The FHFA said Bank of America, along with Countrywide and Merrill Lynch, violated Federal and State securities laws.

Under the agreement, Bank of America will pay $6.3 billion to Fannie and Freddie and repurchase residential mortgage-based securities worth $3.2 billion.


Back to March 2014 Archive

CFLA was founded by the Nation's Leading Foreclosure Defense Attorneys back in 2007 to serve the Foreclosure Defense Industry and fight pervasive Bank Fraud. Since opening our virtual doors, CFLA has rapidly expanded to become the premier online legal destination for small businesses and consumers. But as the company continues to grow, we're careful to hold true to our original vision. For us, putting the law within reach of millions of people is more than just a novel idea—it's the founding principle, just ask Andrew P. Lehman, J.D.. With convenient locations in Houston and Los Angeles, you can contact Our National Account Specialist and General Manager / Member Damion W. Emholtz at 888-758-2352 for a free Mortgage Fraud Analysis or to obtain samples of work product, including cutting edge Bloomberg Securitization Audits, Litigation Support, Quiet Title Packages, and for more information about our Nationally Accredited and U.S. Department of Education Approved "Mortgage Securitization Analyst Training Certification" Classes (3 days) 24 hours for approved CLE & MCLE Credit (Now Available Online).

SEE BELOW- http://www.certifiedforensicloanauditors.com

Call us toll free at 888-758-2352

Bookmark and Share
Facebook Like us on Facebook
Twitter Follow us on Twitter
YouTube View our YouTube Videos
LinkedIn Connect to us on Linkedin
BBB Logo


Contact us or view our Sample Documents & Audits by completing the form below.

International Bloomberg Securitization Audits


DVD Sets Only $99


FREE Mortgage Fraud Analysis


Order Cutting-Edge Services Now


Quiet Title Packages from Licensed Attorneys


Affiliate Services


CFLA Sponsored Attorney Links


Take-Home Education Package