BofA just paid the largest settlement arising from the economic meltdown… $17 billion!

The Associated Press is reporting that Bank of America has reached a record $17 billion settlement to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis.  While Bank of America had argued that it should not be held liable for subprime mortgage that had been issued by Countrywide and Merrill Lynch, they have now agreed to the largest settlement to date arising from the economic meltdown in which millions of Americans lost their homes to foreclosure.   Read more at: http://realestate.aol.com/blog/2014/08/20/bank-america-record-mortgage-settlement