New York Home Loan News

The Latest News and Developments For
Mortgage Refinancing in New York

Home Mortgage's Latest Breaking News

• Bank of America settles suits over bad mortgages  AP via Yahoo! News - Oct 06 9:49 AM  Facing a lawsuit over deceptive mortgage practices, Bank of America Corp. is agreeing to pay more than $8 billion to modify hundreds of thousands of loans to keep people from losing their homes.



• Settlement will modify almost 400,000 Countrywide mortgages  USA Today - Oct 06 10:44 AM Nearly 400,000 homeowners will be able to have their mortgages made more affordable under an agreement Monday by Bank of America to modify mortgages originated by Countrywide Financial in the largest predatory lending settlement in history.



• Bank of America settles lawsuit over bad mortgages  AP via Yahoo! News - Oct 06 12:25 AM  Facing a lawsuit over deceptive mortgage practices, a Bank of America Corp. subsidiary has agreed to modify tens of thousands of loans to keep people in 11 states from losing their homes, the Illinois attorney general's office said Sunday.



• BofA to Modify Troubled Mortgages  TheStreet.com - Oct 06 4:27 AM Bank of America's program will modify troubled mortgages with up to $8.4 billion in interest rate and principal reductions for about 400,000 Countrywide customers.



• Bank of America Settles Suits Over Bad Mortgages  Law.com - Oct 06 9:15 AM Facing a lawsuit over deceptive mortgage practices, Bank of America is agreeing to pay more than $8 billion to modify hundreds of thousands of loans to keep people from losing their homes. The bank said Monday it will modify troubled mortgages with up to $8.4 billion in interest rate and principal reductions for nearly 400,000 customers of Countrywide Financial, the troubled mortgage lender it ...

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