BofA Rolls Out $8.4 Billion Loan Mod Program

Bank of America has agreed to settle claims brought by state attorneys general regarding risky loans originated by Countrywide, in a deal that could be worth more than $8.4 billion.

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First we get an economic stimulus package of $150 billion, then there is a $300 billion housing bill passed in July followed by the nationalization of Fannie, Freddie and AIG. Next we get a $700 billion rescue package. What’s next? I think the next one will start with a capital "T"

U.S. launches new mortgage aid program Plan speeds up process of modifying loans held by Fannie, Freddie Below: x Jump to video ‘We. who is about to move out of his home following a foreclosure..

Bank of America today announced the findings of a new study conducted by Merrill private wealth management, which found that 64 percent of wealth holders have never talked with family members about how or why they intend to pass on their assets.

Charlotte-based Bank of America pledged to offer up to $8.4 billion in interest rate and principal reductions. bank of America said it will launch the new mortgage aid program in December and will.

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Bank NPA #2: SDR, S4A, 5/25 Scheme, AQR, JLF, CAP, SARFAESI, I&B Code, Loan Waiver vs Loan Write-Off The deal is by far the most aggressive worked out since the subprime mortgage. a Bank of America spokesman said. Bank executives were expected to offer details of the agreement in news conferences.

based servicer to purchase all modified loans out of affected securitization trusts.. much as $8.4 billion, has led a group of investors to sue Bank of America Corp.. Countrywide first announced the loan modification program on Oct. 6, a dissent to the mass loan modification programs being rolled out by.

In another foreclosure probe, the U.S. Securities and Exchange Commission sent out. Bank of America agreed to a consent judgment over home loans made by its Countrywide unit. The bank committed to.

 · In 2009 Bank of America agreed to a consent judgment over home loans made by its Countrywide unit. The bank committed to loan modifications which it valued at roughly $8.4 billion.

It seems that Bank of America Corporation ‘s BAC tryst with litigation matters is never ending. Earlier in the week, the U.S. Circuit Court of Appeals for the Tenth Circuit reversed the decision.

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