The Bank of America is no longer the nation's biggest mortgage servicer in the U.S., according to the latest report.
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Wells Fargo Topples Bank of America to Become Largest U.S. Mortgage Servicer
Posted by mortgage 111 days ago (Editorial)
Bank of America Puts Non-US Wealth Unit Up for Sale
Posted by mortgage 29 days ago (Editorial)
Bank of America has put its wealth management units outside the United States up for sale, hoping to bring in up to $3 billion for the sub-scale business, three sources familiar with the situation said.
On the Trail of Mortgage Fraud
Posted by mortgage 129 days ago (Editorial)
President Obama should form a task force to investigate and pursue potential civil and criminal wrongdoing by institutions and people whose conduct had the greatest economic impact.
Exclusive: Bank of America puts non-U.S. wealth arm up for sale
Posted by mortgage 36 days ago (Editorial)
ZURICH/LONDON (Reuters) - Bank of America Merrill Lynch has put its wealth management units outside the United States up for sale, three sources familiar with the situation said, hoping to bring in up to $3 billion for the sub-scale business. Bank of America is the world's largest wealth manager, but its non-U.S. arm -- which two of the sources said manages some $90 billion for rich clients .
Strangled by mortgage red tape
Posted by mortgage 59 days ago (Editorial)
Six months of writing, faxing and calling his mortgage company got Gary Palagruti nowhere. He didn?t owe them $1,200 a month. He owed them $800 a month. He had the paperwork to prove it, and they wouldn?t admit it until last week, when The News Tribune began asking questions.
Sources: Ally Financial's mortgage unit nears bankruptcy
Posted by mortgage 10 days ago (Editorial)
NEW YORK (Reuters) - Ally Financial Inc's Residential Capital unit is nearing a bankruptcy filing, sources familiar with the situation said on Sunday, in a move that could help the taxpayer-owned auto lender to shed its troubled mortgage business but also spur drawn-out legal fights.
Ally Financial's Mortgage Unit Reported To File Bankruptcy
Posted by mortgage 10 days ago (Editorial)
Ally Financial Inc's Residential Capital unit is nearing a bankruptcy filing, sources familiar with the situation said on Sunday, in a move that could help the taxpayer-owned auto lender to shed its troubled mortgage business but also spur drawn-out legal fights.
Ally?s Residential Capital Files for Bankruptcy Protection
Posted by mortgage 10 days ago (Editorial)
Residential Capital LLC, the unprofitable mortgage company whose parent Ally Financial Inc. (ALLY) is trying to repay a U.S. government bailout, filed for bankruptcy.
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