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Several former Bank of America (NYSE:BAC) employees filed declarations in a federal court last week claiming the mortgage lender told them to lie to customers seeking loan modifications.Bank of America fired back, essentially calling them the liars. "Each of the declarations is rife with factual inaccuracies," the bank responded in a statement emailed to media.Bank of America also attacked the credibility of the lawyers who gathered these declarations as part of a class-action lawsuit filed in 2011 in Boston's federal district court. "These attorneys are painting a false picture of the bank's practices," the bank said in the statement, adding it would respond more thoroughly in court next month.It always makes for engaging courtroom drama when witnesses call the defendant a liar, and then the defendant says the witnesses are liars. But if these witnesses are liars, they're liars who worked at Bank of America.It's also worth noting that Bank of America was among five mortgage servicers ...
Help for millions of Americans out of work
Banks repossessed nearly 39,000 homes in May
Parents always want what is best for their children, and each generation strives to exceed the achievements of the one before. But experts say although Generation X ...
Advice from real estate guru Bob Massi
What a difference a couple of years makes.Back in 2007, homebuyers would beg to purchase your house. They would even bid more than the asking price for the privilege...
Trulia Chief Economist Jed Kolko and Corelogic Chief Economist Mark Fleming on the outlook for the housing market.
HSBC Holdings PLC (NYSE: HBC) was accused in a lawsuit filed Tuesday by the state of New York of ignoring state laws that help financially strapped homeowners negoti...
Advice from real estate and business attorney Shari Olefson
Cato Institute’s Mark Calabria on government's impact on the housing market.
FBN's Nicole Petallides breaks down mid-afternoon market news.
Forget a the picturesque house surrounded by a white picket fence in the suburbs, real estate agents across the country say the new American dream is a condo in the ...
Team Investment’s Tanya Marchiol on higher-end homes available around the country.
Four of the largest biggest mortgage providers in the U.S. have failed to comply with an agreed upon settlement, said a watchdog report overseeing the process, filed...
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A financial advisory unit of Deloitte LLP has agreed to pay $10 million and accept other New York state penalties to settle accusations of misconduct related to an i...
NAHB CEO Jerry Howard weighs in on the state of the housing market.
Mainstay Capital Management CEO David Kudla and AverageJoeOptions.com founder Todd Horwitz on the outlook for the markets.
FBN’s Liz MacDonald on the state of the housing market.
Coldwell Banker CEO Budge Huskey on partnering with Bellmarc to re-enter the New York market.
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