Wilbur Ross quits Ocwen Financial

Wilbur Ross quits Ocwen Financial

Distressed asset investor bringing his magic to Bank of Cyprus

Dustin Johnson levels blockbuster claims at title attorneys

Is Nat Hardwick the fall guy?

CFPB proposes 7 big changes to foreclosure process for mortgage servicers

Adds guidance on extended borrower protections
W S
Lending / The Ticker

Legal issues tied to mortgages strike BofA hard

/ Print / Reprints /
| Share More
/ Text Size+

Credit and mortgage-related legal battles ended up costing Bank of America (BAC) a whopping $42 billion, according to a new Forbes article.

The world knows BofA ended up under the gun after acquiring subprime lender Countrywide more than four years ago.  Paying for related litigation and settlements has cost the lender billions of dollars since then, and the litigation stream continues to run till this day.

 

 

 

 

Source: Forbes
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus