Currently viewing the tag: "Bank of America"
Analysis of Recent Loan Mod Lawsuits Filed vs. Bank of America
December 18, 2010 by CULIK LAW
The New York Times reports that the attorneys general of both Arizona and Nevada have filed major fraud lawsuits against Bank of America, the largest mortgage servicer in the United States, for its failure to comply with loan modification requirements. The Nevada lawsuit claims that Bank of America misled vulnerable homeowners in numerous ways, including [...]
Continue Reading →More Mortgage Companies Being Sued for Predatory Lending (CNN)
October 8, 2009 by CULIK LAW
CNN reports that predatory lending lawsuits are increasing, and many homeowners are winning: “While many of these suits are still winding their way through the legal system, some banks have already settled for millions of dollars.” Defendants include some of the biggest names in the mortgage business — Wells Fargo, CitiMortgage, and Bank of America [...]
Continue Reading →The Mortgage-Servicing Industry’s Checkered Past (AP)
August 5, 2009 by CULIK LAW
AP IMPACT: Gov’t mortgage partners sued for abuses By DANIEL WAGNER (AP) WASHINGTON — Billions of dollars the government is spending to help financially pressed homeowners avert foreclosure are passing through — and enriching — companies accused of preying on the people they’re supposed to help, an Associated Press investigation has found. The companies, known [...]
Continue Reading →From the Denver Business Journal: Bank of America Corp. — owner of the former Countrywide Financial Corp., which in 2007 was Massachusetts’s biggest mortgage lender —is mailing letters to borrowers in Massachusetts and elsewhere who may be eligible for foreclosure relief. The program is part of an agreement the bank made with state attorneys general [...]
Continue Reading →Untitled Document "I cannot thank you enough for the stellar work you did on my Loan Modification. I tried it myself with no success. You were the expert I needed! You were friendly with me and relentless with the bank. You never lost patience nor spirit. You took it to every level necessary to win. AND WIN WE DID. The Modification you obtained cut over a thousand dollars from my monthly mortgage payment! I can keep my house!" Sincerely yours, Robert N.
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