Sheriff Warren says bank shortcuts cost $$$$

Started by Riversider

over 14 years ago

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Bank of America Corp. (BAC) and Wells Fargo & Co. (WFC) led U.S. mortgage servicers that may have jointly avoided more than $20 billion in costs since 2007 by cutting corners on collections and foreclosures, confidential estimates by the Consumer Financial Protection Bureau show. http://www.bloomberg.com/news/2011-03-29/bank-mortgage-shortcuts-dodged-20-billion-in-costs-cfpb-says.html