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
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Bank of America (BAC) is in talks to pay at least $12 billion to settle several federal and state probes related to the lender’s improper mortgage-bond underwriting practices that took place before and during the 2008 financial crisis, the Wall Street Journalreports. Sources familiar with that...
Bank of America's proposed $8.5 billion settlement with investors in mortgage securities offers billions more than they are likely to get if they go to trial, a lawyer for the trustee who helped negotiate the deal argued Monday.
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government earlier this year, Bank of America (BAC) has started reaching out to customers who may be eligible for mortgage relief. The financial giant, the country's largest mortgage lender, this week is contacting by mail the first of 200,000 borrowers who may qualify for assistance. The ...
Bank of America and its Countrywide unit will pay $8.5 billion to settle claims that the lenders sold poor-quality mortgage-backed securities that went sour when the housing market collapsed.
Bank of America (BAC) just agreed to pay another $16 Billion fine for one of its frauds—selling trashy securities to its investors. Another day, another fraud exposed. No surprises there. This is so routine it barely deserves a headline. According to Bl
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