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Countrywide Foreclosure Process News

Bank of America Settlement Means More Will Lose HomesTuesday, July 12, 2011 @ 6:59PMTens of thousands of Bank of America's most distressed borrowers could be evicted and lose their homes more quickly as a result of a proposed settlement between the bank, which is the country's largest mortgage servicer, and investors in its troubled mortgage securities.

Bank of America’s Mortgage Deal QuestionedTuesday, July 12, 2011 @ 8:29AMThe New York attorney general asked for information about the $8.5 billion settlement agreed to by Bank of America and investment firms holding soured mortgage securities.

Real Estate Wonk: Mistakes were made, servicers' trade group saysWednesday, July 6, 2011 @ 9:45AMMortgage servicers and servicing critics agree on at least one point: The industry has made mistakes, and things should change. What's in dispute is the scope and type of problems -- and how often misbehavior plays a role.

Tortured By Bank Of AmericaFriday, July 1, 2011 @ 5:36AMLast weekend an open house was held at our former home at 1502 Glorietta Blvd. The Broker, representing Bank of America is asking less than $1.9 mm for this beautiful property. We bought the home in 1996 and rebuilt it in 2004-2005. When we refinanced in 2006 our home was appraised at more than $3.7 mm. We had mortgages with Countrywide, subsequently acquired by Bank of America.

BofA “Settlement”: Not a Done Deal, and Not a Good Deal for InvestorsThursday, June 30, 2011 @ 2:36AMThe so called Bank of America settlement, in which the Charlotte bank is set to pay $8.5 billion to settle representation and warranty liability on 530 mortgage trusts representing $424 billion of par value, is being hailed as a possible template for other mortgage issuers and servicers. I sure hope not, because some of the things I see in this deal look plenty troubling.

$8.5 billion BofA deal could speed foreclosuresWednesday, June 29, 2011 @ 1:07PMInvestors in bad Bank of America loans won an $8.5 billion settlement Wednesday. Homeowners on the other end of those loans have less to cheer about. By John W Schoen.

Bank Of America Can't Escape Mortgage ProblemsTuesday, June 14, 2011 @ 8:05AMCountrywide Financial is like a bad virus Bank of America can't seem to shake- and a pricey one at that. The worst acquisition ever made by Bank of America continues to hurt the bank's chances of a full recovery. The remnants of the Countrywide deal are still being felt

Bank Of America's Mortgage Mess IntensifiesTuesday, June 14, 2011 @ 1:27AMCountrywide Financial is like a bad virus Bank of America can't seem to shake- and a pricey one at that. The worst acquisition ever made by Bank of America continues to hurt the bank's chances of a full recovery. The remnants of the Countrywide deal are still being felt as Sanford

Reports: U.S. Says Bank Of America Hindered Foreclosure ProbeMonday, June 13, 2011 @ 9:01PMBank of America Corp. (BAC), the largest U.S. mortgage servicer, "significantly hindered" a federal investigation of the company's foreclosure practices, according to media reports on Monday, citing court filings by the U.S.