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.
The future of banking
The golden age of banking is dead. But if you want to learn how to take advantage of the impending bank renaissance, click below to discover the one company leading the way. You see, this fast-growing company is poised to disrupt big banking's centuries-old practices. And stands to make early investors like YOU a fortune... if you act now. Our brand new investor alert Big Banking's Little $20.8 Trillion Secret lays bare every banker's darkest secret for the world to see. Simply click HERE for instant access!