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· The lawsuit is the latest salvo against Bank of America’s disastrous handing of the Home Affordable Modification Program, or HAMP, initiated by the federal government in response to the subprime mortgage crisis.
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Many company leaders come to us having heard about Brian Mahany’s record $16.65 billion (yes billion) win against Bank of America (yes they had to pay) in New York, our recent $2.4 billion case and $92 million verdict, trebled by the Texas court to $270 million, win against Allied Mortgage (yes they closed every office from New York to Texas.
· But Moynihan has reversed course, agreeing to pay $8.5 billion to settle a major case filed against Bank of America. The decision ends one the bank’s most high profile legal battles.
KABOOM: BANK OF AMERICA, N.A., vs PATE AFFIRMED – Homeowners Awarded $250,000 in Punitive Damages Due to Unclean Hands and Fraud Posted by 4closureFraud on March 18, 2015 12 Comments BANK OF AMERICA, N.A., AND THIRD-PARTY DEFENDANT, HOMEFOCUS SERVICES, LLC,
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