Florida homeowners get huge chunk of BofA settlement

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Bank of America fends off fine, strikes deal in couple’s mortgage case – "The judge wanted to get their. Homeowners trying to modify a loan may also want to call the Florida Attorney General’s Office, which now fields complaints as a result of a multistate, $25 billion.

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The largest chunk would be a projected $660 million for embattled homeowners trying to stave off foreclosure by one of the five big banks: ally financial (the former GMAC), Bank of America. other.

A putative class action launched thursday in Oklahoma federal court accuses Bank of America NA of improperly holding back insurance payments from homeowners who needed them for property repairs.

Nearly 17,000 Floridians will receive an excess of $1 billion in relief from the Bank of America (BAC) record settlement with the Department of Justice, which is almost 14% of the total $7 billion.

California homeowners have received the largest chunk of the settlement – $6.9 billion for 80,079 homeowners, which equates to $111,581 per borrower. Nevada was No. 2, receiving more than $900 million, about $100,000 per borrower.

Take the latest, and largest, mortgage settlement. Bank of America has agreed to a $16.65 billion deal with federal and state authorities. The actual financial burden for Bank of America, however, may not exceed $12 billion – certainly a large amount, but one significantly less than the number the government trumpets.

Fremont Unloads $4 Billion in Whole Loans A major message in Attorney general kamala harris’ U.S. Senate campaign is that after the foreclosure crisis hit in 2008, she “fought the big banks” and won $20 billion in 2012 for California.

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The Orlando Business Journal features local business news about Orlando.. Florida homeowners to get $1B under BofA settlement . Email;. The program is part of a settlement with attorneys.

Approximately two-thirds of homeowners. chunk out of the settlement–usually 10 to 15 percent. To avoid paying that high fee, consider reaching out to your state’s insurance commissioner’s office,

TALLAHASSEE – The U.S. Department of Justice announced a record settlement with Bank of America on Thursday that will provide $1 billion in relief for about 17,000 Floridians affected by the.