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12 Apr 2012, 1:11 pm
For those of you with a Bank of America mortgage and considering a short sale of your home, keep in mind that this change does not mean the bank will view your short sale proposal more favorably - only that you will not have to wait as long to receive an answer. [read post]
8 Jul 2011, 9:15 am
The banks mentioned, JPMorgan Chase and Bank of America, both took over a lot of nasty mortgages from failed financial institutions (Washington Mutual and Countrywide Financial). [read post]
22 Dec 2011, 6:20 am
[JURIST] The US Department of Justice (DOJ) [official website] announced Wednesday that Bank of America (BOA) [corporate website] has agreed to pay a record $335 million [press release] to settle claims that its subsidiary, Countrywide Financial, discriminated against Hispanic and African-American home buyers. [read post]
7 Dec 2011, 8:12 am
[JURIST] Bank of America (BOA) [corporate website] agreed Monday to pay $315 million in a settlement of claims brought by investors alleging they were misled with respect to mortgage-backed investments. [read post]
7 Jul 2011, 7:02 am
Cochrane July 13th is the tentative date for a settlement date between JP Morgan Chase, Bank of America, and three other US mortgage companies in the resolution of various state and federal claims regarding faulty foreclosures. [read post]
24 Oct 2012, 2:16 pm
Bank of America has been sued by the United States Justice Department for $1 Billion. [read post]
25 Mar 2010, 10:36 am
The Tennessean is reporting today that Bank of America is pledging to help certain struggling homeowners avoid foreclosure. [read post]
2 Apr 2012, 6:15 am
A Colorado resident, Gregory Mackler, turned whistleblower filed a lawsuit against Bank of America claiming that he had firsthand knowledge of wrongdoing by the Bank. [read post]
6 Aug 2011, 6:10 am
Among the many entities that invested in mortgage backed securities is a group of investors that have reportedly requested to be excluded from the $8.5 billion Bank of America settlement announced last week. [read post]
30 Jun 2011, 1:18 am
Moynihan is putting to rest the Countrywide issues he inherited, and is poised to put Bank of America on a new course, Reuters Breakingviews writes. [read post]
13 Jul 2012, 8:49 am
BofA’s About Face on Global Resolutions In previous posts, we highlighted our concerns related to Bank of America’s “repurchase” demands asserted against residential mortgage loan originators. [read post]
12 Jan 2015, 7:45 am
In what is being considered a record, landmark case, a former bank executive at Countrywide Financial (now owned by Bank of America Corporation) was awarded $57 million for exposing the presence of fraud in the company’s mortgage practices. [read post]
7 Sep 2011, 7:47 am
Among those named in the suit were many of the country’s largest banks, including Bank of America, JP Morgan Chase, CitiGroup, and Morgan Stanley. [read post]
16 Jun 2011, 6:45 am
The bank alleged that the couple had fallen behind on their mortgage payments and began foreclosure proceedings; but there was a problem, the couple paid cash for the home they bought in 2009! [read post]
24 Mar 2011, 10:00 am
The former Balboa employee, revealed the emails from the company who deals in force-placed insurance coverage on mortgages, working closely with Countrywide Financial and as such, Bank of America, who bought Countrywide a few years ago. [read post]
11 May 2015, 11:07 am
Last August Bank of America agreed to a record $16.7 billion settlement with the Justice Department over their past mortgage practices. [read post]
11 May 2015, 11:07 am
Last August Bank of America agreed to a record $16.7 billion settlement with the Justice Department over their past mortgage practices. [read post]
23 Jul 2012, 12:33 pm
Syncora filed suit against Bank of America in 2009, alleging that Countrywide Financial misrepresented the quality of mortgages underlying securities that Syncora insured. [read post]
23 Jul 2012, 12:33 pm
Syncora filed suit against Bank of America in 2009, alleging that Countrywide Financial misrepresented the quality of mortgages underlying securities that Syncora insured. [read post]
16 Nov 2011, 8:47 am
Earlier Mortgage-Division Bankruptcy Considerations Earlier this year, Bank of America (the nation’s largest bank) considered a similar move for Countrywide, a mortgage division it bought during the financial upheaval. [read post]
