Bank of America Settles RMBS Claims with Freddie Mac

On December 2, Bank of America announced that it settled claims brought by Freddie Mac for $404 million.  The settlement resolves all remaining representations and warranties claims against Bank of America brought by Freddie Mac related to residential mortgage loans sold to the government-controlled company between 2000 and 2009.  The settlement does not cover loan servicing obligations, loans in private label securitizations, or securities and disclosure claimsPress Release.