Updated October 6 at 6:06pm

Enter your email to receive Providence Business News' e-newsletters
and breaking news alerts.  


BofA lags on implementing foreclosure changes


BOSTON – Bank of America Corp. has been lagging in carrying out changes required by a $25 billion foreclosure settlement, the Boston Business Journal reported.

Bank of America – the country’s second largest bank – is responsible for the largest share of the $25 billion settlement reached earlier this year, but has only extended $2.8 billion.

According to the news source, through June, Bank of America offered roughly $2 billion in loan forgiveness and made about $800 million in loan-balance cuts in trial modifications for 18,000 borrowers.


No comments on this story | Please log in to comment by clicking here
Please log in or register to add your comment
Latest News