BBC | “The Justice Department and the Securities and Exchange Commission filed parallel suits in North Carolina. Attorney General Eric Holder said the government wanted “justice for those who have been victimized.” Bank of America denied the charges, arguing “these were prime mortgages sold to sophisticated investors.” The bank already hinted it expected the suitsRead more
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By joncoats | Florida Law, Foreclosure Law, Loan Modification, Mortgages, Real Estate Law, Uncategorized | Comments are Closed | 6 August, 2013 | 0
Inman News | “Four out of the nation’s five largest servicers — Bank of America, JPMorgan Chase, Citigroup, and Wells Fargo — are failing to comply with servicing rules set forth in the $25 billion national mortgage settlement reached last year, according to a report released Wednesday by Joseph A. Smith Jr., the settlement’s court-appointedRead more
By joncoats | Business Law, Commercial Law, Corporate Law, Florida Law, Foreclosure Law, Loan Modification, Mortgages, Real Estate Law, Short Sale, Uncategorized | Comments are Closed | 7 January, 2013 | 1
huffingtonpost.com | “Bank of America says it will spend more than $10 billion to settle mortgage claims resulting from the housing meltdown. Under the deal announced Monday, the bank will pay $3.6 billion to Fannie Mae and buy back $6.75 billion in loans that the North Carolina-based bank and its Countrywide banking unit sold toRead more