BofA, DOJ Resume Settlement Negotiations
Talks between Bank of America Corp. and the Department of Justice have resumed after recently stalling over a $5 billion gap.
BofA Home Lending Grows, Mortgage Losses Continue
Residential loan production picked up at Bank of America Corp. But legal costs help keep the mortgage business operating in the red.
Former Fannie IT Employee Admits Sabotaging HAMP
A former employee of the Federal National Mortgage Association has admitted to accessing company computers after he was fired and sabotaging the website for loan modifications.
MBS Litigation Spotlight Shifts from Citi to BofA
Now that Citigroup Inc. has put its mortgage securities settlement behind it, all eyes have shifted to Bank of America Corp.
Massive Mortgage Securities Settlement at Citi
Citigroup Inc. has reached a settlement with federal and state officials that will resolve an investigation into its mortgage securities activities.
Former Wells Fargo Manager Off to Prison
A former manager at Wells Fargo Home Mortgage Inc. has been handed down a prison sentence for defrauding his former employer.
US AG Rebuffs BofA Request for CEO Meeting
The nation's chief lawyer has declined an invitation to sit down with the chief executive officer of Bank of America Corp. and work out a settlement.
CA, NY Among States to Share in Citi Settlement
In addition to the federal government, several states -- including California and New York -- will share in a multibillion-dollar settlement with Citigroup Inc.
Miami's Lawsuit Against BofA Dismissed
Bank of America Corp. has been handed a victory in a lawsuit alleging that its discriminatory practices have eaten into the city of Miami's coffers. But the company and several other lenders are still fighting similar battles against other cities.
Judge's Decision Poses Threat to MERS
A recent decision in a Pennsylvania lawsuit doesn't bode well for MERS and could pose a threat to the registry. But there is a good chance that the ruling will be overturned on appeal.