Florida homeowners get huge chunk of BofA settlement

CFPB policy director to head external relations at FHFA The agency’s director. the very employee relations office that is supposed to help aggrieved employees was “broken and is more harmful than helpful to employees who suffer discrimination or.

He said the bank plans to get back into its targeted ratio in the coming years. The sales abuses in Wells Fargo’s branch banking operation led to a $190 million regulatory settlement. of analyst.

Homeowners, sick of being pushed around by the banks, are fighting back, sometimes with David and Goliath results. In 2008, Jewel Miser and her husband Jack began trying to get Bank of America to.

Bank of America Overdraft Fees Class Action Settlement. Top Class Actions announced that Bank of America finally settled their overdraft fee class action for 66.6 million dollars. Approximately 5.9 million customers were affected by this practice and are entitled to reparations.

A big multi-day bike fest this week in Miami brings it all home to you, one-stop-shopping style. Then, on Saturday, runners and fat-tire cyclists will get an early chance to traverse a chunk of the.

Erik and Renee Sundquist have won their eight year long battle with Bank of America illegally foreclosing on their home, reaching a $6M settlement. Oppenheim Law shares more here.

Mortgage Fraud Risk Surges 11% from Q209: Interthinx Fraud risk in the mortgage industry surged more than 11% from Q209 to Q309, according to a mortgage fraud risk index compiled by Agoura Hills, Calif.-based mortgage software developer Interthinx.How Jefferies’ compliance failed in mortgage fraud case The indictment in that case contained eleven counts of securities fraud, one count of TARP fraud and four counts of making false statements. U.S. v. Litvak (D. Conn. Jan. 25, 2013). Failure to supervise. The firm failed to reasonably supervise Mr. Litvak, according to the Order in the case which names Jefferies as a Respondent.

10th circ. revives rico Claims Against BofA, Others. claims against BofA and Urban Settlement Services or for their promissory estoppel claim against BofA. The homeowners had alleged that the.

Bank of America Announces Massive $8.5 Billion Mortgage-Backed Securities Settlement Posted on June 29, 2011 by Kevin LaCroix The Internet is buzzing over Bank of America’s June 29, 2011announcement (here) of its eye-popping $8.5 billion settlement to resolve "nearly all" of the repurchase claims involving legacy

Moody’s Says US May Wind Down Fannie, Freddie The authors, which include the Treasury and the Department of Housing and Urban Development, say the reform. mortgage giants, Fannie Mae and Freddie Mac, the authors write that their goal is to.

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For Bank of America, the settlement is a bitter coda to its decision in 2008 to buy two companies, Countrywide Financial Corp. and Merrill Lynch & Co., as they teetered during the housing crisis. Bank of America Chief Executive Officer Brian Moynihan , who has spent his 41/2 years as CEO wading through litigation, has told investors this is the