Bank of America Settles Claims Stemming From Mortgage Crisis

Nelson D. Schwartz & Eric Dash

Bank of America Settles Claims Stemming From Mortgage Crisis

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http://www.nytimes.com/ Bank of America is completing an agreement to pay $8.5 billion to settle claims by investors that purchased mortgage securities that soured when the housing bubble burst, according to people briefed on the deal. It represents what is likely to be the single biggest settlement tied to the subprime mortgage boom and the subsequent financial crisis of 2008.
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