BANK OF AMERICA AGREES TO $335 MILLION COUNTRYWIDE SETTLEMENT WITH DEPT OF jUSTICE

Bank of America Corporation has today agreed to a record $335 million settlement with the U.S. Department of Justice investigation into fair-lending lapses of its Countrywide Financial Corporation mortgage unit. The bank acquired Countrywide in 2008. The bank has also aommitted $40 billion for mortgage refunds, lawsuits and foreclosures.