Articles Tagged With 'Bank Of America'
Profiles: Shoddy Bank Practices Continue Even After Mortgage Mods
Many homeowners have received a mortgage modification only to find themselves once again at risk of foreclosure because of errors by their mortgage company. ProPublica investigated six of these cases.
In Fine Print, Banks Require Struggling Homeowners to Waive Rights
Some banks and others who handle mortgages have been forcing homeowners into a corner: You want a chance at saving your home? Then you’ll have to waive your right to sue.
Despite Praise From Banks, Treasury, In-House Loan Mods Provide Less Help to Homeowners
Banks’ own modifications typically reduce monthly payments by half as much as those made in the government program, making homeowners twice as likely to fall behind again after a modification.
The Government’s Incredible Shrinking Mortgage Mod Program
The U.S. government's effort to help struggling homeowners from defaulting on their mortgages is approaching a standstill, and the number of homeowners in ongoing mortgage modifications could start shrinking.
Biggest Banks Ensnared as Foreclosure Paperwork Problem Broadens
Bank of America, Wells Fargo, and others have joined GMAC and JPMorgan under the microscope as bank regulators order major servicers to review their foreclosure procedures for robo-signing and flawed documents.
The Bailout Yearbook: The Stars and the Slackers
A half-trillion dollars later, the TARP bailout has produced moneymakers, slow payers and underachievers.
BofA on Accounting Maneuvers: Our Statement Stands (If Read Carefully)
Turns out, we were on the right track when we asked Bank of America about its balance sheet.
Disorganization at Banks Causing Mistaken Foreclosures
Communication problems have caused some to lose their homes even while trying for mortgage modifications.
Bank of America: Our Balance Sheet Management Is ‘Routine and Appropriate’
Bank of America defends itself after allegations that it used accounting tactics akin to those used by Lehman Brothers.
Was Bank of America In on Repo 105-style Accounting Tricks?
Bank of America may have been trying to do the same thing Lehman was doing in 2006 -- move troubled assets off its balance sheet to avoid any hint of trouble.
Your Bailout Update: $315 Billion in the Red
Another big investment in Fannie Mae pushes the taxpayers' bailout tab higher.
Logjam Continues for Loan Mods; Big Banks Fare Poorly, Data Show
New Treasury data show that 66,465 homeowners had received permanent loan modifications as of Dec. 31, a significant increase fr
With Bank Money Returning, Bailout Burden Shifts Toward Housing
Fannie Mae and Freddie Mac now account for about one-third of the outstanding bailout money, with more sure to come.
Homeowners Getting Blame for Lack of Loan Mods, but Evidence Points to Banks and Servicers, Too
Mortgage servicers, who say borrowers have not been submitting needed documents, have their own paperwork problems.
The Big Gov’t Mortgage Mod Program: The Latest Numbers
Permanent loan modifications remain slow in coming, leaving questions about the effort's effectiveness.
Watchdog Report Throws Cold Water on Treasury Loan Mod Celebration
Half a million homeowners have begun trial mortgage modifications, but that doesn't mean they have all dodged foreclosure.
How Are Those Loan Mods Coming? Sept. Edition
About 360,000 borrowers have begun the trial period of the mortgage modification program.
