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Foreclosures by  Bank of America have been stopped in all 50 states, which is good news for many homeowners frustrated by foreclosure documentation problems. [read post]
17 Oct 2008, 6:07 pm by Sue McAllister
” The Restructure Solution is utilized by Countrywide, Citigroup, Bank of America and other servicers. [read post]
14 Mar 2012, 6:43 am
The whistleblower suit remains pending against Wells Fargo Bank, Bank of America, CitiMortgage, Suntrust Mortgage, Washington Mutual Bank, PNC Bank (which acquired National City Mortgage Co.), Countrywide Home Loans, Mortgage Investors Corp., and First Tennessee Bank (which acquired First Horizon Home Loan Corp.). [read post]
9 Aug 2013, 6:44 am by Allison Tussey
According to documents filed in this case and statements made in court: Cockinos was the owner/president of Federated Mortgage Company of America (FMCA). [read post]
27 Oct 2009, 9:25 am
"   Annual reverse mortgage volume has topped 110,000 units and $17 billion, with top banks like Wells Fargo and Bank of America and large insurance companies like Genworth and MetLife leading the way. [read post]
15 Mar 2012, 12:42 pm
Essentially, the problem lies with the system the banks used to track mortgages. [read post]
21 Feb 2008, 10:57 pm
Meanwhile, Bank of America faces its own lawsuits related to the subprime meltdown, and individual shareholders filed at least three class action suits against the bank in January challenging the purchase of Countrywide. [read post]
5 Feb 2009, 6:48 am
Thanks to the home mortgage crisis, big banks make for pretty unsympathetic defendants in court. [read post]
9 Dec 2015, 1:36 pm by John Floyd
  While big banks like JP Morgan Chase, Bank of America and Wells Fargo have been civilly fined billions of dollars—most of which are tax deductible—, not one of their executives has been indicted, much less prosecuted, for fraud (or any other type of criminal wrongdoing) associated with the financial meltdown. [read post]
16 Nov 2011, 8:06 pm by Adam Levitin
  It's hard to tell if Bank of America is really insolvent--lots of assets aren't marked-to-market. [read post]
6 May 2019, 9:01 am by ccollins
To date, the state of California has been able to get back $1.3M for state pension funds from fraud lawsuits it has brought related to the 2008 crisis against a number of banks, including JP Morgan Chase (JPM) and Bank of America (BAC), which each paid approximately $300M to settle. [read post]
19 Feb 2010, 2:29 pm by Page Perry LLC
Morgan Stanley, Goldman Sachs Group Inc., and Countrywide Financial Corp., now a part of Bank of America, are also defendants in other similar suits. [read post]
19 Feb 2012, 2:50 pm
Simple - those companies (foolishly) contract with Bank of America, Citimortgage, GMAC, Wells Fargo, Chase and others to 'service' the loans that Fannie and Freddy own or securitized. [read post]
19 Feb 2012, 2:50 pm
Simple - those companies (foolishly) contract with Bank of America, Citimortgage, GMAC, Wells Fargo, Chase and others to 'service' the loans that Fannie and Freddy own or securitized. [read post]
11 Apr 2009, 1:41 pm
Bank of America announced this week that it has begun refinancing mortgages at up to 105% of home values under the Fannie/Freddie Home Affordable program, part of the Administration's foreclosure relief plan. [read post]
1 Sep 2012, 12:18 pm
She tried to get a loan modification through Bank of America, but the deal they offered her would have only been extended if she had agreed to purchase private mortgage insurance. [read post]
6 Sep 2011, 11:13 am
Narcizo Zavala Guillen alleged that someone stole his identity and used his personal information to obtain two mortgage loans from Bank of America. [read post]
20 Nov 2012, 9:24 am by Larry Tolchinsky
  Banks seem to be more amenable to making deals with their borrowers; consider how friendly Bank of America seems to be these days in helping close short sales. [read post]