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Home » Store » News » FTC, BofA Agree to Settle Faulty Servicing Suit Against Subsidiary

FTC, BofA Agree to Settle Faulty Servicing Suit Against Subsidiary

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Bank of America has agreed to reimburse $108 million to homeowners who were allegedly overcharged by two Countrywide mortgage servicing subsidiaries for property preservation while seeking protection in bankruptcy court. The defendants, Countrywide Home Loans and BAC Home Loans Servicing (formerly Countrywide Home Loans Servicing), admitted to no guilt or wrongdoing but agreed to settle...
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