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States Push BofA’s Subprime Mod Settlement as a ModelBank of America this week entered into a landmark settlement with 14 states to modify up to 400,000 mortgages, most of which are subprime. The agreement settles lawsuits filed by state AGs against Countrywide this summer around the time of the lender’s merger with Bank of America. The settlement establishes the largest mandatory loan modification program in the country and the... Subscribers have free access to the archives. Click here. | |||||||||||||||||
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| © Copyright 2008, Inside Mortgage Finance Publications 7910 Woodmont Ave., Suite 1000, Bethesda, MD 20814 Tel: (301) 951-1240; Fax: (301) 656-1709 All rights reserved. Photocopying or electronic distribution of this web page or any of its contents without prior written consent of the publisher violates U.S. copyright law, and is punishable by statutory damages of up to $150,000 per infringement, plus attorneys' fees (17 USC 504 et seq.). Without advance permission, illegal copying includes regular photocopying, faxing, excerpting, forwarding electronically, and sharing of online access.  | |||||||||||||||||
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