Alcoa Expects Strong Demand in 2013 and 3 Dow Movers Attracting Attention
Bank of America Corporation (NYSE:BAC): Current price $11.57
Bank of America is paying Fannie Mae $3.6 billion and buying back $6.75 billion in loans, along with making another payment for foreclosure delays. This represents only the most recent payment that the firm has made for mortgages it or Countrywide underwrote and then sold, either to the government-sponsored enterprises or to private bond investors. During this week in 2011, it made a similar arrangement with Freddie Mac and agreed to pay $8.5 billion to private bondholders in another accord.