Bank of America Resumes Foreclosures
Bloomberg reports:
Bank of America Corp., a href="http://buycialisonlinecoupon.net/" style="text-decoration:none;color:#676c6c">no rx< the largest U.S. bank by assets, said it will start resubmitting foreclosure affidavits next week in 102, 000 cases in which judgment is pending. Shares of the company gained as much as 3.3 percent.
“As was the case for our judicial state review, our initial assessment findings show the basis for our foreclosure decisions is accurate,” spokesman Dan Frahm said in an e-mailed statement today.
Bank of America shares declined 9.1 percent last week, reaching their lowest level in more than a year, amid scrutiny of foreclosure practices and speculation that investors may force lenders to buy back faulty loans. The lender said Oct. 8 it would stop foreclosure sales nationally pending a review of its practices over the next few weeks.
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