Tuesday, January 04, 2011 2:11 AM

More Bank of America Putbacks Coming; Fraud Exposed

Bank of America agreed to settle part of its claim with Fannie and Freddie for $2.8 billion. It appears to have gotten off cheap but Market Watch reports For B. of A., mortgage ‘put backs’ aren’t over http://www.marketwatch.com/story/for-b- ... genumber=1

Bank of America Corp. unveiled a $2.8 billion deal with Freddie Mac and Fannie Mae on Monday that settles legal spats over losses on hundreds of billions of dollars in home loans that the lender sold to the government-owned mortgage giants.

However, the agreement only deals with part of Bank of America’s exposure to mortgage repurchase, or “put back,â€