Bank of America (NYSE:BAC) has settled with Freddie Mac to resolve all outstanding and potential residential mortgage representations and warranties claims for loans sold to the GSE through the end of 2009. With this settlement in the books, what does it mean for investors? In this segment of The Motley Fool's financials-focused show, Where the Money Is, banking analysts Matt Koppenheffer and David Hanson discuss the settlement and how it is different than the record $13 billion JPMorgan Chase (NYSE:JPM) settlement.

David Hanson owns shares of JPMorgan Chase. Matt Koppenheffer owns shares of Bank of America and JPMorgan Chase. The Motley Fool recommends Bank of America. The Motley Fool owns shares of Bank of America and JPMorgan Chase. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.