Relevant:
- BofA Trails JPMorgan On Refinancings Under U.S. Deal
- Bank Of America Hasn't Modified Any Mortgages, As It Had Agreed To
- Banks report $51 billion in consumer relief in mortgage settlement
- More than Half of Completed Loan Modifications Re-Default; Why?
- Fresh Questions Raised Over a Bank of America Settlement
2012-08-30 — nbcnews.com
``The agreement required Bank of America, which bought subprime lender Countrywide Financial in 2008, to provide the most consumer relief. But in a securities filing this month it said a significant number of modifications had not yet been completed "due to the time required to underwrite the modified loans."
The bank so far has provided no relief through refinancings, according to the report. It has completed $54.2 million in second-mortgage modifications. ''
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