Search results
Results from the WOW.Com Content Network
After a 16-day review of its foreclosures, Bank of America (BAC) has pronounced itself satisfied: It found no problems at all with any of them, and it's ready to resume processing foreclosures.
The independent foreclosure review was an initiative in the United States to attempt to provide aid to homeowners who had either received their Notice of Default, or were in danger of foreclosure in early 2010's. The review was initiated as a result of the Foreclosure Crisis of 2010. The Independent Foreclosure Review provided homeowners the ...
Bank of America (BAC) will delay foreclosures on properties in 23 states to review whether its employees signed off on foreclosure documents without reading them, making the largest U.S. bank at ...
Bank of America (BAC), for the first time, acknowledged it has uncovered some mistakes in its foreclosure files, The Wall Street Journal reported, as it starts to resubmit documents in 102,000 cases.
[3] [4] The foreclosure crisis caused significant investor fear in the U.S. [5] A 2014 study published in the American Journal of Public Health linked the foreclosure crisis to an increase in suicide rates. [6] [7] One out of every 248 households in the United States received a foreclosure notice in September 2012, according to RealtyTrac. [8] [9]
Borrowers who think banks improperly foreclosed on them between 2009 and 2010 now have more time to request an independent review that could compensate them. The Office of the Comptroller of the ...
The OCC terminated that order on July 21, 2015, after determining that the bank “satisfied the terms of the 2011 foreclosure-related consent order” and completed the independent foreclosure review in accordance with the requirements included in the original 2011 order. [20]
The foreclosure halt came amid concerns that company executives may have signed documents. Bank of America (BAC) is preparing to resume foreclosures in 23 states, just 10 days after halting the ...