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31 Oct 2012, 7:01 am by By JESSE EISINGER
Wells Fargo and JPMorgan were allowed to gobble up small and weak competitors in the mortgage business, and now their biggest threats, Citigroup and Bank of America, are pulling out. [read post]
31 Oct 2012, 7:01 am by By JESSE EISINGER
Wells Fargo and JPMorgan were allowed to gobble up small and weak competitors in the mortgage business, and now their biggest threats, Citigroup and Bank of America, are pulling out. [read post]
31 Oct 2012, 7:01 am by By JESSE EISINGER
Wells Fargo and JPMorgan were allowed to gobble up small and weak competitors in the mortgage business, and now their biggest threats, Citigroup and Bank of America, are pulling out. [read post]
24 Oct 2012, 11:08 am
Sues BofA Over Mortgage Sales, The Wall Street Journal, October 25, 2012 More Blog Posts: Ex-Bank of America Employee Pleads Guilty to Mortgage Fraud Scam Using Stolen Identities to Buy Homes Not For Sale, Institutional Investor Securities Blog, August 30, 2011 Bank of America to Pay $335M to Countrywide Financial Corp. [read post]
31 Oct 2012, 7:37 am
Department of Justice alleges that mortgage fraud committed by Bank of America and subsidiary Countrywide cost the government - i.e., taxpayers - $1 billion. [read post]
4 Jan 2011, 6:15 am
Bank of America is responsible for these fines because it acquired Countrywide Home Loans. [read post]
12 Feb 2010, 6:00 am
Vince K. also had a home loan through Bank of America, and he couldn't pay for it after he lost his job, so he arranged a short sale. [read post]
19 Jul 2011, 4:11 am by By BEN PROTESS
The bank doled out huge payments to settle legal claims related to its troubled mortgage division. [read post]
1 Mar 2011, 7:15 am by Bankruptcy Legal Group
Publicly trade corporations are required to file annual reports with the Securities and Exchange Commission, and many mortgage lenders are joining Wells Fargo and Bank of America in acknowledging the likelihood of fines in their SEC reports. [read post]
17 Jun 2013, 12:59 pm by Tracy Coenen
If you’ve ever attempted to get a home mortgage modification through Bank of America, this news will likely not surprise you. [read post]
8 Dec 2010, 9:30 am
Fannie Mae, Freddie Mac, Bank of America and other major mortgage lenders have announced that they will suspend foreclosure evictions during the holiday season. [read post]
15 Sep 2010, 9:12 am
In this case, defendant James Bennett used "a sophisticated property-flipping scheme in Southern California” to fraudulently obtain mortgage loans from Equicredit Corporation, a wholly-owned subsidiary of Bank of America. [read post]
10 Mar 2010, 11:44 am by doug
The Bank of America has announced that it will soon stop permitting its customers to make overdrafts on their debit cards. [read post]
12 Jul 2011, 8:40 am
Bank of America plans to take another $13 billion in charges related to a pending settlement with private label mortgage-backed securities investors, including the Federal Reserve Bank of New York, Pimco Investment Management, and Blackrock Financial Management, according to a Reuters article entitled “BofA to take $13 billion more in charges: Bernstein. [read post]
11 May 2015, 11:07 am by Chip Parker
Last August Bank of America agreed to a record $16.7 billion settlement with the Justice Department over their past mortgage practices. [read post]
14 Apr 2011, 11:27 am by doug
The federal government has ordered sixteen large mortgage lenders, including the nations four biggest banks (Citibank, Chase, Wells Fargo, and Bank of America) to reimburse some homeowners who were improperly foreclosed upon since the recession began in 2007. [read post]
13 May 2013, 12:18 pm by Editorial Board
On May 6, monoline insurer MBIA announced that it had reached a $1.7 billion settlement with Bank of America in connection with alleged fraud and breach of contract claims related to Countrywide-issued mortgage-backed securities insured by MBIA. [read post]
9 Jun 2009, 2:13 pm
The state will also receive $9.7 billion in penalties from Bank of America as part of a multi-state probe of the auction rate securities market. [read post]