Archive for August, 2011

Nevada wants BofA settlement thrown out

The state of Nevada has asked a U.S. judge to terminate a settlement with Bank of America Corp. over home-loan modifications tied to its Countrywide mortgage unit, saying the company hasn't complied with terms of the accord.

Nevada AG Sues Bank of America Over Home Loans

Nevada's Attorney General says she thought a settlement reached with Bank of America would have stopped instances of home loan modifications going horribly wrong. But her office kept getting complaints from homeowners, and the AG says the deal is off, she's going to court.
Nevada asked a U.S. judge to terminate a settlement with Bank of America Corp. (BAC) over home-loan modifications tied to its Countrywide mortgage unit, saying the company hasn’t complied with terms of the accord.
Bank of America Corp's legal troubles worsened Tuesday after Nevada's attorney general sued to undo a broad 2008 loan-modification settlement over predatory lending by its Countrywide unit. In a complaint filed Tuesday in U.S. District Court in Reno,
Nevada’s attorney general wants to end a broad mortgage agreement it struck with Bank of America in 2008.