Bank of America Corp. BAC -0.50% reached an $11.6 billion settlement with mortgage-finance giant Fannie Mae FNMA +8.37% to settle a long-running standoff over nearly a decade's worth of home loans, the bank's latest bid to resolve its biggest hangover from the acquisition of Countrywide Financial Corp. five years ago.
Fannie Deal Resolves a Bank of America Mortgage Headache - WSJ.com
