August 16, 2011
The Department of Housing and Urban Development has reached a settlement with Bank of America that releases the business from liability for failing to adequately supply alternatives to foreclosure on 57,000 delinquent government-insured mortgages.
The agreement...
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Foreclosure Issues Result in $10mil HUD Agreement with Bank of America
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How HUD Mortgage Policy Fed the Mortgage Crisis
How HUD Mortgage Policy Fed The Crisis
Subprime Loans Labeled 'Affordable'
In 2004, as regulators warned that subprime lenders were saddling borrowers with mortgages they could not afford, the U.S. Department of Housing and Urban Development helped fuel more of that risky lending....Last edited by lrprn; 10-11-2008, 04:29 PM.