Big Banks Still Exploiting The Foreclosure Fraud Settlement

Big Banks Still Exploiting The Foreclosure Fraud Settlement: The banks involved in last year’s foreclosure abuse settlement are spending more money to get bad loans off of their books than they are on directly reducing the amount homeowners owe on their mortgages, according to a new report from the settlement’s overseer released Thursday. Five large banks reached a $25 billion settlement with the [...]/p

Bank Of America Has Provided No Mortgage Principal Relief Under The Foreclosure Fraud Settlement

Bank Of America Has Provided No Mortgage Principal Relief Under The Foreclosure Fraud Settlement: The nation’s five biggest banks agreed to a $25 billion foreclosure fraud settlement back in February that required them to provide $17 billion of mortgage relief to troubled homeowners. However, one of the banks, Bank of America, is hardly holding up its end of the bargain. According to a new report, as of June 30, [...]/p