Florida AG Bondi says Bank of America breaking rules in national mortgage settlement, floats lawsuit

Florida Attorney General Pam Bondi criticized Bank of America on Thursday for failing to follow the rules of a national mortgage settlement reached last year over the practice of robo-signing during the height of the foreclosure crisis.

In a letter to Bank of America’s lawyer,  she accuses the banking giant of “troubling” practices, including sending state officials “litigation letters” and failing to modify mortgages in an efficient manner. She floats a future lawsuit against Bank of America or any of the other banks in the settlement as a possibility.

Bondi’s letter comes a month after New York Attorney General Eric Schneiderman threatened to sue Bank of America and Wells Fargo over alleged noncompliance with the $25 billion settlement inked between the five largest banks and 49 attorneys general.

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s