BofA (BAC) will buy back $330M of home loans from Freddie Mac (FMCC.OB) after flaws were found...

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

BofA (BAC) will buy back $330M of home loans from Freddie Mac (FMCC.OB) after flaws were found in how the loans were created. Though a relatively small re-purchase, the bank's overall costs tied to defective home loans have totaled more than $42B so far.