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 […]