Side Deal With Bank Of America Would Cede Liability In Exchange For Homeowner Relief
Federal and state prosecutors are in advanced negotiations with Bank of America in pursuit of a settlement that would forgive the bank for a broad range of past mortgage abuses in exchange for fines that would finance a significantly expanded relief program for struggling homeowners, according to three people with direct knowledge of the matter.
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"Forgive the bank." Isn't that ironic? When do banks forgive us?
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