BofA's $8.5B mortgage settlement approved

|About: Bank of America Corporation (BAC)|By:, SA News Editor

Judge Barbara Kapnick has approved Bank of America's (BAC -0.6%) hotly contested $8.5 MBS settlement with private investors, saying the trustee acted in good faith when negotiating the deal.

Still lower on the session, BofA has narrowed its losses by about 1%.