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Billie, with academic training in Fundamental Mathematics and professional experience in Large Multinationals in the Information Technology sector, having held positions in high-level management positions, maintains that it is time to reduce Unproductive Public Expenditure and help the Private Sector in everything that is possible.
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B. of A. stops some mortgages to Fannie Mae

SAN FRANCISCO (MarketWatch)
Bank of America Corp.  BAC +0.25% will stop selling certain mortgages to Fannie Mae FNMA +13.99% for use in mortgage-backed securities because of disputes with the government-sponsored agency, according to a filing with the Securities and Exchange Commission filed Thursday
 B. of A. said commitments allowing the efficient delivery of such loans had expired and that "our ongoing differences with [Fannie Mae] in other contexts, including repurchase claims" influenced the decision to not renew the commitments
Posted by El Genio at viernes, febrero 24, 2012

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