Bank of America settles two crisis-era lawsuits
Thanks to its 2008 acquisition of Countrywide Financial and Merrill Lynch, Bank of America has been drawn into federal court for years regarding its mortgage business. To settle claims. is facing a.
The bank agreed on Wednesday to pay that sum to settle a lawsuit filed on behalf of the two government-sponsored mortgage finance firms by their regulator, the federal housing finance agency. As part of the settlement, Bank of America will also repurchase mortgage securities from Fannie and Freddie that are valued at about $3.2 billion.
Homeowners File Class Action Lawsuit Against Bank Of America For Allegedly Failing To Modify Troubled Mortgages A class action lawsuit was filed against Bank of America in U.S. District Court, Western District of Washington (Seattle), No. 10-00488, on behalf of homeowners alleging that Bank of America reneged on a promise to modify troubled mortgages as [.]
You can settle with Bank of America, or a debt collector for them too. I do not see many settlements around the 25 percent range, but your situation, and this particular account, may be one that can be targeted that low with a realistic expectation of success.
If you do nothing, you will get no money from this settlement. However, unless you exclude yourself, you will not be able to start a lawsuit, continue with a lawsuit, or be part of any other lawsuit against the Bank of America Corporation and the other Defendants about the issues raised in this case.
Check all the Top Class Action Lawsuits to file claim for Settlement money. Below is our full list of open lawsuits in which you may be eligible to submit a claim. Browse through the list and see if you purchased the product or service and if you’re eligible to submit a claim.
A U.S. government agency is pushing JPMorgan Chase & Co. to pay $6 billion to settle lawsuits over subprime mortagage-backed. operation in DFW in terms of local deposits, behind Bank of America.
Terms of the settlements weren’t announced. Bank of America Corp. has settled a pair of financial crisis-era lawsuits filed by Deutsche Bank AG and BNP Paribas SA over who should be responsible for losses tied to the multibillion-dollar fraud at disgraced mortgage lender Taylor Bean & Whitaker Mortgage Corp. Deutsche Bank’s.
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