BofA and DOJ mortgage settlement deadlocked

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The unprecedented joint agreement is the largest federal-state civil settlement ever obtained and is the result of extensive investigations by federal agencies, including the Department of Justice, HUD and the HUD Office of the Inspector General (HUD-OIG), and state attorneys general and state banking regulators across the country.

BANK OF AMERICA SETTLEMENT DEADLOCKED | Bank of America and the Justice Department have reached an impasse in negotiations over a multibillion-dollar settlement, raising the stakes in an investigation into the bank’s role at the center of the mortgage crisis, DealBook’s Jessica Silver-Greenberg, Ben Protess and Michael Corkery write.

BOSTON, April 26, 2016 /PRNewswire/ — Eric D. Green, independent Monitor of Bank of America’s August 20, 2014, mortgage settlement with the U.S. Department of Justice and six states, today announced.

SEC and DOJ Civil Investigations, Lawsuits and Settlements of financial crisis cases. sec 0m Settlement with BofA: “Bank of America nearing SEC settlement in client-accounts probe” (wsj, 6/22/16). SEC Investigation of UBS Mortgage-Securities:.

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Bank of America and the Justice Department have reached an impasse in negotiations over a multibillion-dollar settlement deal, raising the stakes in an investigation into the bank’s role at the center of the mortgage crisis.. The talks stalled on Monday after the bank’s latest offer – more than $12 billion to resolve state and federal investigations into its sale of mortgage investments.