In the largest deal to date aimed at addressing the housing meltdown, federal and state officials on Thursday announced a $26 billion foreclosure settlement with five of the largest home lenders.
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Mortgage deal could bring billions in relief
Posted by mortgage 103 days ago (Editorial)
Bank Of America Takes Billions In Losses To Settle Claims On $424B In Countrywide Mortgage Deals
Posted by mortgage 329 days ago (Editorial)
The meltdown of mortgage lender Countrywide has kept the heat on Bank of America over the past few years, but a deal Wednesday may help lower the flame a bit.Bank of America said it will pay $8.5 billion to settle all claims on $424 billion in Countrywide-issued residential mortgage-backed securities, and will provide another $5.5 billion in the second quarter to cover its exposure on ...
AIG seeks to recoup billions it says lost to fraud
Posted by mortgage 387 days ago (Editorial)
American International Group Inc launched a fight to recoup billions of dollars the bailed-out insurer said it lost due to fraud, setting up a clash with Wall Street's biggest banks.
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