Search for: "Bank of America Mortgage"
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9 Sep 2011, 6:35 am
A Bank of America spokesperson indicated that the bank would be selling additional mortgage servicing rights over the next year, so look for future additional news in this regard. [read post]
6 Oct 2014, 9:23 am
The Government recently entered into a massive settlement with Bank of America and its affiliated entities related alleged wrongdoing by the bank in connection with the packaging and sale of residential mortgage-backed securities that contributed to the Great Recession of 2008. [read post]
30 Mar 2011, 11:05 pm
A contingent of Bank of America shareholders filed suit against the bank on Monday over its foreclosure paperwork practices. [read post]
22 Jul 2011, 7:08 pm
Bank of America acquired Countrywide in 2008. [read post]
13 Jul 2023, 11:45 am
In 2014, the bank agreed to pay $16.65 billion to resolve federal and state mortgage fraud claims. [read post]
2 Sep 2011, 3:14 pm
The companies being sued are: Ally Financial Inc. f/k/a GMAC, LLC Bank of America Corporation Barclays Bank PLC Citigroup, Inc. [read post]
22 Jun 2011, 1:56 pm
Bank of America, N.A., contains some interesting insights into the way Bank of America assigned notes and retained servicing rights. [read post]
17 May 2012, 3:34 am
Bank of America propose des locations à la place des saisies comme alternative. [read post]
12 Mar 2012, 2:30 am
Bank of America, Fannie Mae break up As described on TheNicheReport.com last week, the rising number of allegedly flawed mortgage loans sold to Fannie Mae by Bank of America has created a rift between these two behemoths, each of which was bailed out by the U.S. government when the American real estate bubble burst. [read post]
8 Oct 2008, 12:50 pm
Both ABAJournal.com, in a story by Debra Cassens Weiss (“Bank of America to Modify Countrywide Mortgages in $8.6B Deal”), and Law.com, in a story by Christopher Wills (Bank of America Settles Suits Over Bad Mortgages”), carried the news that Bank of America has agreed to modify mortgage loans written by the former mortgage lender, Countrywide. [read post]
28 Mar 2010, 10:13 pm
The New York Times has posted an article about the Bank of America's decision to forgive some homeowner's mortgage debt in order to prevent them from losing their homes. [read post]
29 Jun 2011, 10:24 am
The Internet is buzzing over Bank of America’s June 29, 2011announcement (here) of its eye-popping $8.5 billion settlement to resolve “nearly all” of the repurchase claims involving legacy Countrywide-issued residential mortgage-backed securities (RMBS). [read post]
3 Apr 2015, 3:50 pm
On April 2, 2015, plaintiffs BNP Paribas Mortgage Corporation and BNP Paribas and defendant Bank of America filed a Joint Stipulation of Dismissal with Prejudice stating that both parties had reached an agreement to settle claims arising out of Bank of America’s handling of $480.7 million worth of mortgage-backed notes issued by Taylor Bean and Whitaker’s Ocala Funding LLC. [read post]
24 Mar 2008, 9:53 am
Bove anticipates that this loss provision would be established to cover possible future losses in Bank of America's subprime mortgage portfolio and home equity portfolio. [read post]
15 Oct 2010, 11:40 am
On Friday, Bank of America became the first major US bank to suspend foreclosure sales in all 50 states after questions were raised about whether it and other banks had illegally seized homes without the proper documentation. [read post]
31 Mar 2012, 6:15 am
Bank of America plans to employ property management companies to oversee the rentals, too. [read post]
1 Dec 2011, 5:15 am
However, just a few weeks later, the homeowner received a notice from Bank of American encouraging him to apply for a second mortgage modification. [read post]
16 Nov 2012, 7:33 pm
Bank of America’s Senior Vice President Eric Tellijohann is the bank’s executive in charge of implementing the National Mortgage Settlement. [read post]
19 Feb 2013, 12:07 pm
The Big Banks here (i.e., Ally Financial (formerly GMAC); Bank of America; Citibank, JP Morgan Chase, Wells Fargo) aren’t helping people with underwater mortgages in loan modifications, nor are they jumping to modify mortgages for those in distressed circumstances that are asking for mortgage loan modifications. [read post]
9 Feb 2012, 8:00 pm
The $25 billion settlement reached announced today between the federal government and state attorneys general with the five largest mortgage service companies (Bank of America Corporation, JPMorgan Chase & Co., Wells Fargo & Company, Citigroup Inc. and Ally Financial Inc. [read post]
