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Arizona Sues BofA on Loan Modifications

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The Straight Story Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-17-10 02:07 PM
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Arizona Sues BofA on Loan Modifications
Arizona Sues BofA on Loan Modifications

Arizona Attorney General Terry Goddard filed a lawsuit against Bank of America Corp. alleging that the bank committed "widespread consumer fraud" in its handling of loan modifications.

The suit also accused Bank of America, the nation's largest bank in assets, of reneging on ...

http://online.wsj.com/article/SB10001424052748704034804576025691923732346.html?mod=mktw
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HuckleB Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-17-10 02:10 PM
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1. Governor Banker can't be very happy about this.
Way to go AG Goddard!
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Hannah Bell Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-17-10 02:24 PM
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2. kr. ag's in about 4/5 of the states are doing this -- an organized effort.
Edited on Fri Dec-17-10 02:26 PM by Hannah Bell
A coalition of as many as 40 state attorneys general is expected Wednesday to announce an investigation into the mortgage-servicing industry, an effort some of them hope will pressure financial institutions to rewrite large numbers of troubled loans.

http://www.thechicagopost.com/?p=436
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