Fannie Mae's (FNMA.OB) major settlement with Bank of America yesterday takes care of about 75%...

|About: Fannie Mae (FNMA)|By:, SA News Editor

Fannie Mae's (FNMA.OB) major settlement with Bank of America yesterday takes care of about 75% of the GSE's buyback issue, says CEO Tim Mayopoulos. "Many of those resources we were devoting to legacy issues ... can now be put to other uses."