bank of america

Bank Of America Settles With Fannie Mae

By |2013-01-07T08:40:12-05:00January 7th, 2013|Markets|

Bank of America reached a settlement with Fannie Mae concerning mortgages originated by Countrywide: (via CNNMoney) Bank of America has reached a $10.3 billion settlement with Fannie Mae to deal with questionable home loans it sold to the government-backed mortgage financer during the housing bubble. BofA (BAC, Fortune 500) will pay $3.55 billion in cash to Fannie as part of the deal. It [...]

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Trend Watcher – End of Quarter Window Dressing Ahead

By |2012-03-25T10:09:08-04:00March 25th, 2012|Markets|

Joseph Gomez, Sr. Investment Adviser and Portfolio Manager As we close out the quarter next week, expect to see plenty of window dressing as portfolio managers want their clients to see that they have stocks on the books during such a strong quarter for the market. Window Dressing is a strategy used by mutual fund and portfolio managers near the year or quarter [...]

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