BofA Settles Mortgage Lawsuit with Countrywide Borrowers

Bank of America has been busy the last few years offering loan modification plans to their Countrywide clients who did not qualify to refinance.  Foreclosure lawyers across the nation have been coming at BofA ever since they purchase Countrywide Home Loans, Inc.  BofA agreed to pay $108 million to settle Federal Trade Commission charges that [...]

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Should You Walk Away From Your Mortgage Loan?

The New York Times has run a couple of articles in recent weeks about whether it makes sense to walk away from a mortgage that is bigger than the house is now worth. In a recent paper cited in an article on Sunday, “Underwater, but Will They Leave the Pool?” a University of Arizona law [...]