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 […]

Did The AGs Confuse Action With Motion On Settlement?

Settlement Is Actually A Pot Filled With Promises Steve Dibert, MFI-Miami The day of reckoning is finally here involving the mortgage settlement with the mortgage servicers and the state attorneys general.  The final settlement which is not yet available or finalized is best described using this quote from Frank Drebin from The Naked Gun,   “I’m […]

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