mortgage-servicing

Last fall, Bank of America found itself embroiled in the document issues that tripped up many mortgage-servicing companies.

Utah Warns BofA on Foreclosures David Benoit 2011

The U.S.'s biggest banks are willing to pay as much as $5 billion to settle claims by federal and state officials of improper mortgage-servicing practices, according to people familiar with the situation.

Business Watch 2011

So it is easy to think opposition to a proposed settlement of alleged mortgage-servicing abuses is more of the same.

Markets Can't Afford This Forgiveness David Reilly 2011

For months, state and federal officials and banks have been attempting to negotiate a settlement to an investigation of questionable mortgage-servicing practices in 50 states.

California and Illinois Expand Foreclosure Probes Ruth Simon 2011

Facing the possibility of a costly settlement, mortgage-servicing companies are being pressed to revamp their foreclosure paperwork-filing practices, hire more staff to handle the heavy volume of foreclosures and impose tighter standards on their dealings with borrowers.

Reports of Mortgage Fraud Reach Record Level Robbie Whelan 2011

The announcement comes two days after bank executives said reducing principals creates a "moral hazard" in the industry, and as banks fight back against a proposal from state attorneys generals that could affect how the mortgage-servicing industry works.

Bank of America to Reduce Principal for Some Military Borrowers David Benoit 2011

Bankers are ratcheting up their rhetoric as they fight a mortgage-servicing settlement proposal, predicting lasting damage to the U.S. economy in an effort to force regulators to soften terms of any penalties.

Banks Pushing Back on Foreclosure Pact Nick Timiraos 2011

The public jockeying comes as 11 federal agencies and 50 state attorneys general begin efforts to determine the appropriate penalties for mortgage-servicing abuses uncovered after the "robo-signing" controversy erupted in the fall.

Banks Pushing Back on Foreclosure Pact Nick Timiraos 2011

So it is easy to think opposition to a proposed settlement of alleged mortgage-servicing abuses is more of the same.

Housing Risk in Mortgage Forgiveness David Reilly 2011

Executives are scrubbing the company for other noncore pieces to unload, such as mortgage-servicing rights or private-equity assets, said a person familiar with the situation.

BofA Cashes Its China Chips Dan Fitzpatrick 2011