Dan Frahm News
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Wells Fargo & Co., the biggest U.S. home lender, halted some foreclosure sales until it can understand new federal guidelines on seizures sent to the nation’s large and mid-sized banks.
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Bank of America Corp. and Wells Fargo & Co. will be sued by New York for allegedly violating terms of a $25 billion nationwide settlement over foreclosure practices.
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When Bank of America Corp. sent letters to 60,000 struggling homeowners offering to slice an average $150,000 off their loans, the lender got an unusual response from most of them: silence.
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Bank of America Corp. , the biggest U.S. bank by assets and deposits, delayed foreclosures after a federal regulator called for a review because lenders may have submitted defective documents when repossessing homes.
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Bank of America Corp., the largest U.S. lender, plans to sell or shut its correspondent-mortgage unit as Chief Executive Officer Brian T. Moynihan seeks to stop losses on home loans.
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Bank of America Corp., JPMorgan Chase & Co. and three other U.S. banks reached a $25 billion settlement with 49 states and the U.S. government to end a probe of abusive foreclosure practices stemming from the collapse of the housing bubble.
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Bank of America Corp., the second- largest U.S. lender by assets, said updated figures show it has completed about $8.1 billion in homeowner relief under a nationwide settlement of foreclosure abuses.
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Bank of America Corp. will pay a record $335 million to compensate Countrywide Financial Corp. borrowers who were charged more for home loans based on race and national origin.
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Bank of America Corp. became the latest firm to delay foreclosures as state officials stepped up pressure for a moratorium on evictions because lenders may have submitted faulty documents.
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Bank of America Corp. , the biggest U.S. bank by assets and deposits, delayed foreclosures after a federal regulator called for a review because lenders may have submitted defective documents when repossessing homes.
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