Sheridan I’ll be honest. I may be missing some of the news, since I’m spending the daylight hours pulling a post-Katrina trailer to Montana, but can it really be possible that a $624 million dollar settlement on yet more of the Countrywide fiascos has literally attracted virtually zero notice in the news? This $624 Million …
Tag: bank of america
Modifications Lost in Incompetence
New Orleans Tomorrow in Phoenix Advocates & Actions will release a report called “Modification Mysteries: Playing Foreclosure Roulette with the Banks.” The report will not only document the huge ineptness of the Treasury Department and the banks in handling foreclosure modifications (as I discussed last week less than $250 million has been spent of the …
Bank America Pays $110 M More for Countrywide Foreclosures
Toronto Bank of America settled with the U.S. Federal Trade Commission for $110 million to offset the fact that on “hundreds of thousands” of foreclosures Countrywide stole and cheated from people before B of A bought the outfit. Angelo Mozilo, the former head of Countrywide, was once famously quoted in a bit of braggadocio as …