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8 May 2012, 10:14 am by John A. Weber IV, ESQ.
Bank of America Reduces Mortgages by Forgiving a Portion of the Principal. [read post]
25 Aug 2014, 6:41 am by Pete Strom
Justice Department and Bank of America Agree to  $17 Billion Mortgage Fraud Settlement Bank of America has agreed to a mortgage fraud settlement on mortgage fraud charges from the US Department of Justice for $17 billion, an historic settlement amount against a large bank. [read post]
28 Jun 2011, 4:54 pm by By DEALBOOK
Bank of America is near to a deal to pay $8.5 billion to settle a suit by investors who purchased mortgage securities that soured. [read post]
24 Mar 2010, 3:23 pm by By DEALBOOK
Bank of America, under pressure to keep distressed borrowers from losing their homes, said Wednesday that it would begin forgiving some of their mortgage debt. [read post]
9 Mar 2012, 4:40 am by Robbie L. Vaughn, Esq.
According to a recent AFP article: Bank of America has reached a side agreement with US authorities that could reduce the mortgages of some 200,000 borrowers….Bank of America borrowers are expected to receive reductions averaging more than $100,000… This is very interesting! [read post]
4 Aug 2014, 7:42 am by Pete Strom
Bank of America Ordered to Pay $1.3 Billion for Mortgage Fraud On Wednesday, July 30th, a federal jury ruled that Bank of America would pay $1.27 billion in civil penalties for mortgage fraud and bad home loans sold to Fannie Mae and Freddie Mac, which in part triggered the Great Recession in 2008. [read post]
24 Mar 2012, 11:16 am by Robbie L. Vaughn, Esq.
Bank of America (BOA) recently issued a Press Release outlining a “Limited Pilot Test” of their “Mortgage to Lease Program. [read post]
31 Jul 2014, 5:58 am by Nicholas Tomsho
[JURIST] A federal judge on Wednesday imposed [opinion; pdf] a $1.27 billion penalty on Bank of America [corporate website] after a jury found them liable for mortgage fraud. [read post]
13 Jan 2011, 5:30 am
Bank of America will pay $3 billion to cover the bad mortgages, most of which were purchased by Fannie and Freddie from Countrywide Financial. [read post]
29 Jun 2011, 5:52 am by By DEALBOOK
On Wednesday, Bank of America announced $14 billion in charges related to mortgage investments, with $8.5 billion going to settle claims by investors, including Pimco, BlackRock and the Federal Reserve Bank of New York. [read post]
18 Oct 2011, 6:44 am by By AZAM AHMED
While Bank of America's profit rose this quarter, the firm's mortgage woes appear far from over. [read post]
6 Aug 2014, 4:35 pm by Sabrina I. Pacifici
WSJ.com: “Bank of America Corp. and the Justice Department are close to a deal in which the bank will pay between $16 billion and $17 billion to resolve allegations of mortgage-related misconduct in the run-up to the financial crisis, according to people familiar with the matter. [read post]
5 Mar 2011, 5:15 am
In January, a 61 year-old Illinois woman received a letter from Bank of America that her loan was in default and that she owed almost $64,000 on her mortgage plus late charges and fees. [read post]
7 Apr 2010, 6:38 am by doug
Bank of America announced a pledge to answer consumer queries about their mortgages wihin three days. [read post]
7 Aug 2013, 8:27 am by Mark Astarita
The SEC has released its civil charges against Bank of America and alleges alleges that Bank of America failed to tell investors that more than 70 percent of the mortgages backing its offering – called BOAMS 2008-A – originated through the bank’s “wholesale” channel of mortgage brokers unaffiliated with Bank of America entities. [read post]
15 Apr 2011, 6:25 pm by By BEN PROTESS
The 37 percent decline in Bank of America's earnings reflects the persistent burden of Countrywide Financial, the subprime mortgage lender it bought in 2008. [read post]
11 May 2012, 10:00 am by admin
After a long battle, several big banks were ordered to participate in a $25 billion mortgage settlement. [read post]
16 Sep 2020, 8:01 am by William S. Wilson
These policies were in place from 2010 and lasted until Bank of America changed their policy for mortgages in 2016 and for home equity loans in 2017. [read post]
18 Dec 2010, 7:56 am
[JURIST] Arizona Attorney General Terry Goddard [official profile] filed a lawsuit [press release] against Bank of America (BOA) [corporate website] on Friday for misleading customers in mortgage modification and foreclosure practices. [read post]
15 Sep 2011, 12:11 pm by Larry Tolchinsky
Bank of America holds not only mortgage notes that Bank of America made with its customers, but also mortgages made awhile back by Countrywide Financial Corporation because Bank of America took over all those Countrywide mortgages when Bank of America bought Countrywide back in 2008. [read post]