Search for: "Bank of America Home Loans" Results 1 - 20 of 1,222
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18 May 2012, 8:14 am by Francis M. Boyer, Esq.
Bank of America began reducing the principal on some home loans in March, first granting the reductions to homeowners already in a modification review process. [read post]
16 Apr 2014, 5:39 pm by Sabrina I. Pacifici
“The Federal Home Loan Bank System (System) is comprised of 12 regional Federal Home Loan Banks (FHLBanks) and the Office of Finance. [read post]
18 Aug 2011, 9:35 am by By NELSON SCHWARTZ
Ron Sturzenegger was tapped to run Bank of America Merrill Lynch's Legacy Asset Servicing division, which includes tens of billions of dollars of mortgage assets and home loans that are delinquent or in default. [read post]
1 Jul 2013, 7:56 pm by Ray Garcia
Recent news article state that according to sworn testimony by six former employees of Bank of America who explain what they  saw behind the scenes while Bank of America was processing loan modification for homeowners allege that that Bank of America routinely denied qualified borrowers an opportunity to modify their loans to more affordable terms and instead placed them in programs that  paid cash bonuses to… [read post]
5 Dec 2013, 10:10 am by Sacha A. Boegem
Bank of America has now agreed to pay $404 million to Freddie Mac to resolve all repurchase liabilities on home loans that it sold to the government-controlled mortgage company from 2000 to 2009. [read post]
1 Jul 2013, 7:56 pm by rgarcia
Recent news article state that according to sworn testimony by six former employees of Bank of America who explain what they  saw behind the scenes while Bank of America was processing loan modification for homeowners allege that that Bank of America routinely denied qualified borrowers an opportunity to modify their loans to more affordable terms and instead placed them in programs that  paid cash bonuses to… [read post]
1 Jul 2013, 7:56 pm by Ray Garcia
Recent news article state that according to sworn testimony by six former employees of Bank of America who explain what they  saw behind the scenes while Bank of America was processing loan modification for homeowners allege that that Bank of America routinely denied qualified borrowers an opportunity to modify their loans to more affordable terms and instead placed them in programs that  paid cash bonuses to… [read post]
15 Sep 2011, 12:11 pm by Larry Tolchinsky
According to his tracking, Bank of America sent out over 200% more “notices of default” on home loans than it has in prior months.  [read post]
18 Nov 2010, 6:03 am by R. Grace Rodriguez, Esq.
Dear Readers:          I have a client who works at Bank of America who saw a memo posted around the loan modification department that while loan modifications continue to be processed, they will no longer be continuing foreclosure sales in California.  [read post]
12 Feb 2013, 6:00 am by Enza G. Boderone
In that letter, the investors claim that Bank of America may have engaged in self-dealing and other misconduct in connection with modifications to first lien loans held by the trusts where Bank of America or Countrywide held second lien loans on the same mortgaged properties. [read post]
29 Jan 2010, 3:09 pm by malik11397
Bank of America, by far is, the most despicable bank in its response to loan modification request. [read post]
30 Jun 2011, 5:40 am by By EVELYN M. RUSLI
"Heavyweight investors that forced Bank of America to hand over billions to cover the cost of home loans that later defaulted are now setting their sights on companies like JPMorgan Chase, Citigroup and Wells Fargo," Nelson D. [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]
16 Oct 2013, 4:38 am by By PETER EAVIS
Bank of America reported a sharp rise in third-quarter earnings on Wednesday, but its mortgage operations faltered, underscoring that home loans remain a challenging business for the nation’s banks. [read post]
30 Jun 2010, 6:16 am by Texas RioGrande Legal Aid
Added Rogers, “No matter what families do, Bank of America is determined to foreclose on these homes. [read post]
4 Jan 2011, 6:15 am
Bank of America is responsible for these fines because it acquired Countrywide Home Loans. [read post]
8 May 2012, 10:17 am by Jeana Morrissey
Bank of America is reaching out to thousands of homeowners in an attempt to reduce principal on home loans as a result of a $25 billion settlement with 49 state attorneys general and federal authorities. [read post]
21 Jul 2013, 9:04 pm by Mandelman
AND thank you Bank of America for taking responsibility for our loan and saving our home! [read post]