U.S. attorney wants DOJ to take civil action against BofA: filing
(Reuters) – Staff of a U.S. Attorney’s office recently told Bank of America Corp that they plan to recommend the U.S. Department of Justice file a civil action against the bank related to securitization of mortgages, according to a regulatory filing on Wednesday.
That investigation is one of several the second-largest U.S. bank is trying to resolve over mortgage practices of its own legacy business, as well as those of Countrywide and Merrill Lynch, which it acquired during the 2007-2009 financial crisis.
The bank did not name which U.S. attorney was planning to make the recommendation.
justiceleague00
this is my 1st mortgage on the house I live in
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