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New Fannie Mae CAS Deal in the Works

In an effort to reduce the risk of taxpayers and increase private capital in the mortgage market, Fannie Mae will settle a credit risk sharing transaction under its Connecticut Avenue Securities program on December 8.

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Bank of America Nearly Fulfills Settlement Obligation

Bank of America has until August 2018 to pay off its consumer relief obligation under its August 2014 settlement with the U.S. Department of Justice and six states. But it appears that the bank will pay off that obligation two years before the deadline.

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