Items Tagged with 'Bank of America settlement'

ARTICLES

  • BofA approaching $7 billion of consumer relief in toxic mortgage settlement

    Monitor says bank reaches 97% of relief obligation
    Bank of America is almost finished with providing $7 billion in consumer relief required as part of its $16.65 billion settlement with the U.S. Department of Justice, certain federal agencies and six states to resolve claims over toxic residential mortgage-backed securities, collateralized debt obligations and an origination release on residential mortgage loans sold to Fannie Mae and Freddie Mac.
    Read More
  • Bank of America well ahead on national mortgage settlement deadline

    Nearly two-thirds completed
    Almost two years after the settlement was announced, Bank of America is nearly two-thirds of the way done on fulfilling its $7 billion promise of consumer relief required as part of its $16.65 billion settlement with the U.S. Department of Justice and the attorneys general of six states. And by the looks of things, it's ahead of schedule for completing the requirement.
    Read More