Saturday, March 6, 2010

Giant bank, giant struggle: Foreclosure-assistance pipeline clogged for Bank of America

Two years after swallowing the troubled mortgage giant Countrywide Financial, Bank of America trails other major U.S. lenders in resolving troubled home loans through short sales or modified loan terms.  The lender, one of the nation’s biggest banks, holds more than a million mortgages that are months behind on their payments –

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Forbes Real Estate Today