Bank of America Accused of Mortgage Scheme ; Firm Accused of Keeping Alive a Program That Defrauded U.S. AgenciesThe government is suing the bank for $1 billion, saying it keptalive a program inaugurated by...By ProtessBen
In court on Monday, Ingber said Countrywide had a maximum of $4.8 billion in assets to pay a judgment on the claims. If the settlement is not approved, investors probably won't be able to hold Bank of America responsible for misrepresentations made by Countrywide on the quality of the unde...
Bank of America (BoA) is now offering Black and Hispanic first-time homebuyers in select cities mortgages with zero down payment and zero closing costs. NBC Newsreportedthat BoA’s Community Affordable Loan Solution (CALS) mortgages will help Black and Hispanic ...
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Property and Mortgage Fraud Under the Mandatory Victims Restitution Act: What is Stolen and When is it Returned? The United States Circuit Courts of Appeals are split on how to calculate restitution in a criminal loan fraud situation where collateral is involved. This trend is best illustrated in...
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bank of america pricing mortgage-back securities美国银行抵押贷款支持证券定价.pdf,RMBS Trading Desk Strategy I. Introduction Mortgage-backed securities (MBS) are debt obligations that represent claims to the cash flows from a pool of mortgages. There are