May 9th 2012 11:30AM
LOS ANGELES -- Homeowners with a Bank of America mortgage have good reason to check their mailbox. The lender said Tuesday that it has begun mailing out letters to customers who may qualify to have their home loans reduced as part of a multistate settlement over alleged foreclosure abuses. The Charlotte, N.C.,-based... Continue Reading »
Dec 28th 2011 9:15AM
When banks drag their feet in the loan process, most borrowers probably feel like there's little they can do to move things along. But one Georgia couple may have hit on a way for borrowers to get results. Ken and Meredith Williams launched a full-on social media onslaught -- capped by the lovable music video above --... Continue Reading »
Dec 21st 2011 5:20PM
Attorney General Eric Holder announced one of the biggest fair-lending settlements in U.S. history with Bank of America agreeing to pay $335 million to settle complaints levied against Countrywide Financial Corp. by the Department of Justice. During a press conference Wednesday, Holder said that his office investigated... Continue Reading »
Dec 12th 2011 10:15AM
By Jon Prior Bank of America is looking at a new program to rent a home back to the borrower after foreclosure. "There are programs that we are quite interested in," said Ron Sturzenegger, who leads the bank's legacy asset servicing division, in an interview with HousingWire. "We are talking with investors that would... Continue Reading »
Nov 4th 2011 2:00PM
When Shantell Curtis sold her Vernal, Utah, home last year, she expected, as a reasonable person might, that she'd paid her last mortgage payment on the house. But her lender, Bank of America, thought differently, according to KUTV 2News in Utah. Because of a $1 "coding error" on the bank's part, the title to Curtis' home... Continue Reading »
