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WASHINGTON (Reuters) - Bank of America Corp's Countrywide Financial unit agreed on Wednesday to pay a record $335 million to settle civil charges that it discriminated against minority homebuyers, a historic settlement for the Obama administration in the wake of the subprime mortgage morass.

Dec 21, 2011

Perry's gamble on mortgage giants cost Texas tens of millions

Just when Gov. Rick Perry had to deal with , another one comes right his way.

Oct 03, 2011

BofA sets aside $14 bn for U.S. mortgage claims

Bank of America said Wednesday it would set aside a massive $14 billion to settle claims from angry investors for losses on dodgy mortgage-backed securities in the country's housing collapse.

Jun 29, 2011

If proven, Countrywide's mortgage fraud could threaten Bank of America

Problems with mortgage documents Bank of American acquired when it purchased the mortgage provider Countrywide Financial in 2008 could cost the bank billions, if a testimony in a New Jersey foreclosure case proves accurate.