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Real Estate & Property Law

: The Home Equity Theft Reporter

BofA Files Suit To Pin Title Insurer With $500M+ In Loan Losses For Providing Unconventional Lien Protection Plan

By r morris

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The Los Angeles Times reports:During the subprime loan era, it's well documented that lenders took all kinds of shortcuts -- such as failing to verify borrowers' employment or income -- to sell mortgages. Now Bank of America Corp., the nation's biggest mortgage lender, is saying the nation's second-largest title insurer did much the same thing and should be on the hook for more than $500 million

Full post as published by The Home Equity Theft Reporter on March 25, 2010 (boomark / email).

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