Bank of America will no longer sell new loans to Fannie Mae due to disputes over repurchase claims. B of A lost billions due to having to buy back defaulted loans. In January 2011, the bank paid about $2.5 billion to Fannie Mae and Freddie Mac for loans that were allegedly originated with improper underwriting standards. The total amount for unresolved repurchase claims from all sources totaled approximately $14.3 billion as of December 31, 2011. The total amount of the bank’s recorded liability related to repurchase claims was $15.9 billion as of December 31, 2011, the bank stated in its SEC filing. Sounds like Bank of America may be getting out of the lending business. If you don’t sell to Fannie and Freddie, who are you going to sell to?