The settlements received wide coverage...
Media enthusiasm for the settlement...
...Everyone leaves something on the table in a settlement, but a settlement removes uncertainty for stakeholders and allows both sides to get on with business...
...according to Reuters, the group issued "a notice of nonperformance"..
...do a settlement to move the matter behind us...
Further vows to fight the suits tooth-and-nail continued to issue...
...pressed it to announce a partial settlement...
...The settlements aroused much relief...Indeed the market's enthusiasm for the settlement may have exacerbated the criticism...
That was Linda Lowell, a 20-year-plus veteran of MBS and ABS research at a handful of Wall Street firms, currently principal of OffStreet Research LLC, on something called the "The BofA-GSE settlement", a Bank of America agreement with Fannie Mae and Freddie Mac on "substantially" all currently outstanding repurchase requests on loans sold by Countrywide to the government-sponsored enterprises.
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