Posts tagged Bank of america
Bank of America CEO: $8 Billion Subprime Settlement Is ‘Like a Bad Hour for Us’
0NEW YORK (TheStreet) – Bank of America (BAC_)’s proposed $8.5 billion subprime mortgage settlement agreement with several large institutions, reached in June 2011, is just a “bad hour,” for the giant bank, according to recent testimony by CEO Brian More >
Bank Officials Cited in Churn of Foreclosures
0Four million Americans have been foreclosed upon since the beginning of 2007. Here, a boarded up house in Islip, N.Y., in February.
By NELSON D. SCHWARTZ and J. B. SILVER-GREENBERG - Published: March 12, 2012Managers at major banks ignored More >
Wells Fargo’s Directors Ordered to Face Foreclosure Claims
0Wells Fargo Stagecoach (Photo credit: Noel C. Hankamer)
Feb 14, 2012 1:56 PM ETDirectors of Wells Fargo & Co., the largest U.S. mortgage lender, must face investors’ claims the bank failed to properly disclose details of More >
Why Millions Won’t Get Help From Big Mortgage Settlement
0Image via Wikipedia
by Cora CurrierProPublica, Feb. 9, 2012, 5:25 p.m.
The Obama administration is billing today’s $25 billion agreement between most states and five banks that engaged in flawed or deceptive practices as a big win for More >
BofA Halts Cash-out Refinancing; Letters From the Trenches; Mortgage Hiring Continues
3Hey, if you can’t beat ‘em, join ‘em. I bet many wouldn’t mind making nearly a quarter million a year being a “cutting edge” CFPB regulator – link. Compare that to a story last week in the Wall Street Journal More >
Why it’s time to break up the ‘too big to fail’ banks
0January 18, 2012: 10:56 AM ET
Customers would benefit, the U.S. government would benefit, and – believe it or not – the big banks themselves would do better.
By Sheila Bair, contributor
FORTUNE — America is downsizing. Whether it’s the food we eat, More >
JOHN L. O’BRIEN, JR. Register of Deeds Calls for Criminal Action Against the Big Banks, Says they acted like “criminal enterprise”
3NEWS
FOR IMMEDIATE RELEASE Salem, MA January 18th, 2012 Contact: Kevin Harvey 1st Assistant Register 978-542-1724 kevin.harvey@sec.state.ma.usSaying that the time has come for a full scale criminal investigation, Southern Essex District Register of More >
OCC Chief Counsel Testifies on Efforts to Correct Foreclosure Deficiencies
0TESTIMONY OF JULIE L. WILLIAMS FIRST SENIOR DEPUTY COMPTROLLER AND CHIEF COUNSEL OFFICE OF THE COMPTROLLER OF THE CURRENCY Before the SUBCOMMITTEE ON HOUSING, TRANSPORTATION, AND COMMUNITY DEVELOPMENT Of the COMMITTEE ON BANKING, HOUSING, AND More >
Department of Justice Announces Compensation for Service members as Part of Settlement with Bank of America
1WASHINGTON – The Justice Department More >
