Bank of America Corp (NYSE:BAC) has cleared a huge cloud of financial stress and bag mortgages with a settlement of $16.65 billion announced on August 21, 2014. The settlement includes Bank of America Corp (NYSE:BAC), the U.S. Department of Justice, six states, and several federal agencies. According to the news release by Bank of America…

Bank of America Corp (NYSE:BAC) is expected to pay $16.5 billion in a record settlement concerning the mortgage bond sales processed during the financial crisis of 2008. Bank of America Corp (NYSE:BAC) has been working with the U.S. Department of Justice to cut out a deal and the bank is planning to pay $9 billion…