SETTLEMENT

The Mortgage Servicing Process

Did Fannie Mae Overpay Bank Of America For Servicing Rights?

The taxpayer-owned Fannie Mae paid more than legally required to Bank of America Corp (NYSE: BAC) and 12 other lenders when it spent $1.5 billion in termination fees for servicing rights on 1.1 million loans between 2008 and 2011. The mortgage giant argues that while it paid a premium over the minimum required price, it paid for the transfers at an ?appropriate rate.?
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48 Hours In Malaysia’s Historic, Food-Loving Penang

Just off Malaysia's west coast on the Straits of Melaka, Penang island is a key Southeast Asian crossroad that historically brought together traders and armies from across the world -- creating a huge repository of culinary delights.
The tail fin of the Boeing 787 Dreamliner is seen at the 2010 Farnborough International Airshow

Air India Receives First Boeing 787 Dreamliner

Air India took delivery of its first Boeing 787 commercial widebody airplane on Thursday at Boeing Co's final assembly plant after a months-long dispute between airline and manufacturer over compensation for a four-year production delay.
Customers shop at Macy's department store in New York

US Retailers Dig Their Own Grave

The hefty $7.25 billion settlement that Visa and MasterCard have agreed to, in response to a 2005 class action lawsuit over credit card swipe fees, will disadvantage retailers further and restrict consumer spending in an economy that relies heavily on credit card use and personal expenditure.
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GSK Settles Healthcare Fraud Case For $3 Billion

GSK targeted the antidepressant Paxil to patients under age 18 when it was approved for adults only, and it pushed the drug Wellbutrin for uses it was not approved for, including weight loss and treatment of sexual dysfunction, according to an investigation led by the U.S. Justice Department.
Apple iPad 5 Rumors

Apple Settles Over New iPad '3' Advertising In Australia, Pays $2.25 Million For Misleading '4G LTE' Ads

Apple has been officially reprimanded over its misleading advertising in Australia of the term 4G for new iPad 3. No considerable penalty here: According to The Australian, Apple has agreed to a $2.25 million settlement in Australian courts after the Australian Competition and Consumer Commission (ACCC) won a battle alleging the Cupertino, Calif.-based company misled customers about the new iPad's touted features.

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