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Bank of America (BAC) says it will stop selling new home loans to Fannie Mae (FNMA.OB) and will...
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Thursday, February 23, 2012, 5:38 PM ETBank of America (BAC) says it will stop selling new home loans to Fannie Mae (FNMA.OB) and will deliver only loan modifications and refinancings to the GSE. Commitments allowing the efficient delivery of such loans had expired, BofA says, and "ongoing differences with [Fannie Mae] in other contexts, including repurchase claims" influenced the decision.
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