Tag Archives: Bank of America

The Shortcomings of the $25-Billion Foreclosure Settlement

There is a very good article in the Los Angeles Times on Wednesday, March 7, 2012, by Michael Hiltzik following-up on the $25-billion foreclosure settlement. Nearly one month after Washington unveiled the deal on Feb. 9, the specific terms of … Continue reading

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Is the Housing Picture Getting Brighter?

I am certain everyone affected by the economic and housing crisis is feeling a little vindicated that irresponsible lenders are starting to be held accountable for their actions. The $25 billion settlement recently reached is not the end, but the … Continue reading

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Feds and Banks Reached $25B Foreclosure Abuse Deal

The $25 billion settlement with the five biggest banks related to foreclosure abuses including “robo-signing” of documents is the largest multi-state settlement since the Tobacco Settlement in 1998, said the Department of Justice. California will receive a big chunk of … Continue reading

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