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Tag: Servicing Rights


MoneyBlogNewz (CC BY 2.0)

Bank of America Schemes to Evade Settlement Rules and Pocket Cash

Documents leaked by a bank insider show the company sold servicing rights to more than half a million mortgages to loan servicing companies in order to make a quick profit and avoid settlement requirements, leaving homeowners in the lurch and with fewer protections to avoid foreclosure, Salon reporter David Dayen writes.

Posted on Jun 29, 2013 READ MORE


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