BofA Exec Gets Probation For Trying To Solicit Sex From 13 Y/O Girl

A former executive with Bank of America pleaded guilty to a sex charge, five years after his arrest in an undercover internet sting. Joe H. Culler, Jr., 66, of Columbia, received a two-year … [Read more...]

Bank Of America Agrees To Pay $16.65 Billion To Settle Mortgage Charges

Huffington Post via Reuters Bank of America Corp has reached a $16.65 billion settlement with U.S. regulators to settle charges that it misled investors into buying troubled mortgage-backed … [Read more...]

Ginnie Mae Halts BofA Servicing Transfer Deal

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Kate Berry, National Mortgage News Ginnie Mae has halted the transfer of mortgage servicing rights from Bank of America (BAC) to a nonbank servicer because the bank is missing documents such as … [Read more...]

BofA: Sorry About The Illegal Foreclosure, Here’s A $50 Applebee’s Gift Card

Buy yourself something nice. Like some drinks and a couple apps. Bess Levin, Dealbreaker Bank of America, led by Chief Executive Officer Brian T. Moynihan, faced more than 15,000 complaints in … [Read more...]

Miami Files Latino “Ghetto Loans” Lawsuit Against 3 Banks

Miami sues big banks over discriminatory mortgage lending Reuters Miami has sued Bank of America , Wells Fargo and Citibank in U.S. federal court in Florida, for discriminatory mortgage lending … [Read more...]

Angelo Mozilo’s Arrogant Email To Homeowner In 2008 Creates PR Nightmare For Bank of America

E. Scott Reckard, LA Times Daniel A. Bailey Jr. isn't your average homeowner. He hasn't paid his mortgage in more than five years, and has no plans to start now. His stance stems from a … [Read more...]

Bloomberg Article Exposes Bank of America’s “Office Of The CEO” As A Scam

Article Also Features MFI-Miami Client Isabel Santamaria Hugh Son, Bloomberg Isabel Santamaria thought she finally caught a break in her effort to save her Florida home from foreclosure after nine … [Read more...]

BofA Reaches $404 Million Mortgage Deal With Freddie Mac

Hugh Son, Bloomberg Bank of America Corp. agreed to pay $404 million to Freddie Mac in a deal that caps the lender’s efforts to resolve repurchase claims from government-sponsored enterprises on … [Read more...]

Bank of America Is About To Take Outsourcing To Whole New Level

Meet your new local BofA bank teller in Mumbai, India

Bank of America To Replace Local Tellers With Low Wage Video Conferenced Tellers   "Too often, man becomes clever instead of becoming wise, he becomes inventive but not thoughtful and … [Read more...]

Jury Finds BofA & Countrywide Hustler Rebecca Mairone Guilty Of Defrauding Fannie And Freddie

Former Countrywide Executive Rebecca Mairone

Even After Verdict Defiant BofA Execs & Mairone Still Plead Innocence   Nate Raymond, Reuters Bank of America Corp was found liable for fraud on Wednesday over defective mortgages … [Read more...]