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VIDEO:Business

Bank of America to Pay $3.6 Billion to Fannie Mae

Description:Bank of America will pay $3.6 billion to Fannie Mae as well as repurchase certain mortgage loans made from 2000 through 2008 for $6.75 billion, a move it said would cut its fourth-quarter pretax income by about $2.7 billion. David Benoit reports on Markets Hub. (5:06)

Source: WSJLive

Tags: Bank of America to Pay Billions to Fannie Mae , Bank of America , bofa fannie mae mortgage settlement , Fannie Mae

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