Bank of America Faces More Litigation and Allegations of Fraud Over Servicing Practices
March 11, 2011
Bank of America is facing new charges related to its servicing practices on loans originated by Countrywide Financial before BofA acquired the company. Brookstone, a law firm based in California, filed a mass joinder action alleging that BofA and Countrywide “perpetrated a massive fraud, also constituting unfair competition upon borrowers that devastated...