Florida gets $8.4 billion chunk of $25 billion mortgage settlement | Naked Politics

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Bank of America Home Loans is the mortgage unit of Bank of America. In 2008, Bank of. Then, on June 25, 2008, Countrywide announced it had received the approval of. Assets from deposits are currently approaching 5 billion. The settlement involves the modifying of troubled 'predatory loans' up to $8.4 billion.

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That's because she has money to compensate people victimized by the. It's money that could buy down your mortgage principal or otherwise alter your loan.. Florida got $8.4 billion, about a third of the $25 billion national fund created to on.

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The $25 billion. crisis. Florida’s share: $8.4 billion, second only behind California. Under terms of the settlement, Floridians who have lost their homes or have fallen underwater on their loans.

Home Politics Politics News. The $137 million fine for bilking needy schools and cities?. Bank of America has systematically ripped off almost everyone with whom it.. Countrywide Financial in 2008, and using some of the $25 billion in. As part of an $8.4 billion settlement it entered into with multiple.

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