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June 27, 2014

Bank of America Gives Pink Slips to 540 ‘Legacy’ Servicing Employees

By Paul Muolo

The bloodletting in Bank of America's servicing division continued this month with the megabank giving pink slips to hundreds of workers.

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After the November elections, how long will it take for a new Congress and White House to pass GSE reform legislation?

I’m confident a bill will be passed the first year.


2 to 3 years. GSE reform is complicated.


Sadly it won’t happen in a Clinton or Trump first term.


Not in my lifetime.


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