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BofA Not Foreclosing


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2012 Sep 18, 5:51pm   1,188 views  1 comment

by zhanka   ➕follow (0)   💰tip   ignore  

http://www.bubbleinfo.com/2012/09/17/bofa-not-foreclosing/

Loans serviced by Bank of America tend to remain in the 90-plus-delinquency state for significantly longer than loans serviced by other big banks, analysts at Barclays Capital find. The length of time that a loan is in the 90-plus delinquency bucket, they say, is driven by the credit quality of the borrower, its geographic location, and especially, by the servicer processing the loan.

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1   Goran_K   2012 Sep 19, 1:30am  

Bank of America is still trying to deal with the tumor that is Countrywide. Until they "cut" it out, they'll be a walking zombie.

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