Fannie, Freddie Agreements with Ally and BofA

On January 3, the FHFA approved agreements between Fannie Mae and Freddie Mac with Ally Financial and Bank of America to resolve claims related to mortgages sold to the GSEs. Each agreement covers a different book of business and has different limitations. The agreements do not address representations and warranties with regard to mortgage servicing or foreclosure processing. For more information, see below. FHFA Release.