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BofA lags in modifying loans under settlement

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  • William Matz | | 02 Sep 2012, 01:04 AM Agree 0
    B of A is still routinely violating the settlement (and the 2011 Fed Reserve settlement and the HAMP rules) by continuing such practices as dual-tracking (processing foreclosures whileprocessing mods or short sales). B of A still has a huge problem with all the old Countrywide mortgages, because of uncertain ownership. Inside statements suggest that at least part of the resistance by B of A is deliberate policy.
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