Earlier this week, a federal appeals court reversed a lower court order that Bank of America Corp. pay a $1.27 billion penalty in connection with mortgages sold by its Countrywide unit. The U.S. Court of Appeals for the Second Circuit said it agreed with the bank, which argued the government didn’t provide sufficient proof at … Continue reading “What’s in Store For Fannie Mae’s (OTC: FNMA) After Bank of America (NYSE: BAC) Penalty Reverse”
