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9 Feb 2011, 1:25 pm
No Bank of America Bombshell? [read post]
9 Feb 2011, 1:16 pm
[La Salle Nat'l Bank, supra, 703 F.2d at 255-56.] [read post]
9 Feb 2011, 10:50 am
At first banks were reluctant to allow customers to access their accounts and bank online, but now many segments of the population prefer to bank online. [read post]
9 Feb 2011, 6:58 am
Moat recently, there was a woman who called me days before Christmas with Bank of America having already turned her down for a loan modification and set a sale date of January 7th. [read post]
8 Feb 2011, 1:11 pm
I’ve previously written about the hypothesized strategic mortgage default in America; while I think it is not happening here at home, it very likely is occurring in Karnataka. [read post]
8 Feb 2011, 6:48 am
Stern and his status as the king of the foreclosure mills, his empire included giant clients like Bank of America, Goldman Sachs, GMAC, Citibank and Wells Fargo. [read post]
8 Feb 2011, 5:15 am
The issues for Bank of America stem from loans originated by Countrywide which Bank of America purchased in 2008. [read post]
8 Feb 2011, 5:02 am
[JURIST] Bank of America (BOA) [corporate website] has reached a $410 million settlement in a class action suit accusing the bank of excessive overdraft fees, according to documents submitted Friday in the US District Court Southern District of Florida [official website]. [read post]
8 Feb 2011, 4:48 am
& Weatherill, S. (2010) Regulating Unfair Banking Practices in EuropeCoughlin, J. (2010) Canon LawDarcy, S. [read post]
7 Feb 2011, 5:44 pm
Sort of like the Bank Bailouts that Obama supported that have mostly been repaid with interest. [read post]
7 Feb 2011, 9:11 am
Good to see all that TARP money going to a good place:Plaintiffs and Bank of America, N.A., through their respective undersigned counsel, hereby notify the Court that on or around January 27, 2011, they executed a Memorandum of Understanding evidencing an agreement in principle, under which Bank of America will pay the total sum of four hundred ten million and 00/100 dollars ($410,000,000.00) in exchange for a full and complete release of all claims brought… [read post]
7 Feb 2011, 7:09 am
The rate of modification failure is directly related to the size of the bank servicing the mortgage: Bank of America – 33% Wells Fargo – 29% American Home Mortgage – 26% Ocwen – 24% GMAC Mortgage – 23% JPMorgan Chase – 22% CitiMortgage – 20% Litton Loan Servicing – 20% Another bit of evidence suggesting that BofA should be relieved of the onerous job of servicing defaulted mortgages. [read post]
7 Feb 2011, 5:15 am
Lane in Nye County, Nevada, issued a preliminary ruling that blocks ReconTrust, a Bank of America affiliate, from conducting nonjudicial foreclosures in the state until a hearing can be held in order to determine whether or not the ban should be permanent. [read post]
7 Feb 2011, 12:55 am
According to their February 2, 2011 press release (here), plaintiffs’ lawyers have filed a securities class action lawsuit in the Southern District of New York against Bank of America Corporation and certain of its directors and officers alleging that "concealed defects in the recording of mortgages and improprieties with respect to the preparation of foreclosure paperwork that harmed BofA’s investors when BofA had to temporarily discontinue foreclosures and… [read post]
6 Feb 2011, 7:43 pm
For example, credit card companies such as Capital One, Bank of America, Chase / WaMu, Citibank or Citibank (South Dakota) N.A., Target, Discover and American Express are usually original creditors. [read post]
6 Feb 2011, 3:24 pm
Reuters reports that Bank of America has agreed to pay $410 million to settle a class-action lawsuit that has been pending for a number of years which makes these very allegations. [read post]
5 Feb 2011, 3:42 pm
Meessen, Distinguished Essay: Governmental Decision-Making in the World EconomyFabian Amternbrink, Central Bank Challenges in the Global EconomyLudwig Gramlich, An International Normative Framework for Sovereign Wealth Funds? [read post]
5 Feb 2011, 10:08 am
Justice BhandariThe Supreme Court in State of Uttranchal v. [read post]
5 Feb 2011, 7:11 am
The first is the appearance of the doctrine of "efficient breach" of contract in Bank of America Canada v. [read post]
4 Feb 2011, 1:25 pm
Most of the 1.3 million troubled loans that will be put in the unit were picked up when Bank of America bought Countrywide Financial in 2008. [read post]
