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    Back to To the Point

    To the Point

    Record Mortgage Settlement Is in the Works

    Bank of America reportedly may have to pay $12 billion after negotiations with the Department of Justice. It's all about the destructive home mortgages that triggered America's financial crisis and BofA would be on the hook for the biggest penalties so far. That's according to Devlin Barrett, who broke the story for the Wall Street Journal .

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    By Warren Olney • Jul 16, 2014 • 1 min read

    Bank of America reportedly may have to pay $12 billion after negotiations with the Department of Justice. It's all about the destructive home mortgages that triggered America's financial crisis and BofA would be on the hook for the biggest penalties so far. That's according to Devlin Barrett, who broke the story for the Wall Street Journal.

    The full episode

    1 of 3
    Palestinian Unity Divides the US and Israel
    1. 0:00Record Mortgage Settlement Is in the Works You’re reading this
    2. 8:16Praying for Peace in a Hostile Climate
    3. 43:27California Chrome Sets Sights on the Triple Crown
    • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/769bca4fbf97bf022190f4813812c1e2/new-default.jpg?h=250

      Warren Olney

      former KCRW broadcaster

    • KCRW placeholder

      Katie Cooper

      Producer, 'One year Later'

    • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/769bca4fbf97bf022190f4813812c1e2/new-default.jpg?h=250

      Evan George

      Director of Content, News

    • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/769bca4fbf97bf022190f4813812c1e2/new-default.jpg?h=250

      Jenny Hamel

      KCRW

    • KCRW placeholder

      Devlin Barrett

      National Security reporter, The Washington Post

      NewsNationalPolitics

    The full episode

    1 of 3
    Palestinian Unity Divides the US and Israel
    1. 0:00Record Mortgage Settlement Is in the Works You’re reading this
    2. 8:16Praying for Peace in a Hostile Climate
    3. 43:27California Chrome Sets Sights on the Triple Crown
    Back to To the Point