Tags » Bank Of America Corp

Largest US banks all pass latest round of Fed 'stress tests'

WASHINGTON (AP) — All of the nation’s 31 largest banks are adequately fortified to withstand a severe U.S. and global recession and keep lending, the Federal Reserve says. 124 more words

News

Can second mortgages on underwater property be voided in bankruptcy? SCOTUS to decide

By: Debra Cassens Weiss

The U.S. Supreme Court has agreed to decide whether a second mortgage on an underwater house can be voided in bankruptcy. 178 more words

Law

The Feds Are Going After Angelo Mozilo -- Bank of America braced for $17bn settlement over mortgages case

Countrywide Financial Corp. co-founder Angelo Mozilo hasn’t entirely escaped prosecutors’ wrath for his company’s risky lending. A U.S. government task force wielding an innovative legal strategy plans to bring a civil case against him over the excesses of the subprime-mortgage boom. 975 more words

Trade

BofA to Pay $16.65 Billion to End U.S. Mortgage Probes

By: Tom Schoenberg, Hugh Son and David McLaughlin

Bank of America Corp. will pay $16.65 billion to end federal and state probes into mortgage bond sales, the harshest penalty yet related to loans that fueled the 2008 financial crisis, the Justice Department said. 527 more words

Law

JPMorgan Accused Of Predatory Tactics In Minority Neighborhoods

JPMorgan Chase & Co has been sued by the city of Miami, accusing the bank of predatory mortgage lending in minority neighborhoods that allegedly caused a wave of foreclosures during the last decade’s housing crisis. 353 more words

Black