Issa launches probe of Fannie, BofA mortgage servicing deal

Rep. Darrell Issa (R-Calif.), chairman of the House Oversight and Government Reform Committee, opened an investigation into the reported Fannie Mae purchase of a Bank of America (BAC: 7.33 +3.97%) mortgage servicing portfolio. According to the Wall Street Journal, the deal was finalized in August. The portfolio includes 400,000 loans with an unpaid principal balance of [...] Advertisement...