5 Banks Accused of Fraudulent Foreclosures in MA

Ashley Klann; Anthony Faccenda, Researcher; and GoLocal Editors Adam Joseph Drici, Dan McGowan, and Tracey Minkin, GoLocalWorchester Five of the nation’s largest banks are now violating an agreement with the federal government in Massachusetts, according to an investigation of local foreclosure affidavits conducted by GoLocalWorcester. The investigation involved nearly 200 affidavits from Ally, Bank of […]

BofA Trails JPMorgan On Refinancings Under 50-State Deal

Hugh Son, Bloomberg Bank of America Corp., plagued by complaints about customer service in its mortgage unit, said it hasn’t yet refinanced a “significant number” of loans as part of the industry’s $25 billion settlement of foreclosure abuses. The lender blamed the “time required to underwrite” loans for why it hasn’t completed many of its planned $1 […]

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