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Announcement Holds Hope for Future Mortgages

Announcement Holds Hope for Future Mortgages

| Jan 09, 2013 | Housing Market

Bank Of America Corporation announced over $14 billion of legal settlements over bad mortgages the company sold to investors and flaws in its process of foreclosures. The announcement holds hope to end a loan-by-loan review of foreclosures that has been mandated by the government. It has been estimated by analysts that the company has paid $40 billion for mortgage settlements since 2008. More here

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