Settlement of BAC litigation?

Posted on January 11, 2012 by Timeless Investor

See the development of foreclosure settlement between BAC and attorney generals,

 1. today’s (01/11/2012) news, 

http://www.housingwire.com/2012/01/11/ag-foreclosure-settlement-could-expand-to-smaller-servicers

The Department of Justice recently reached out to nationally chartered banks as part of an effort to bring in nine more servicers to the settlement. The possible settlement centered on the big five mortgage lenders: Bank of America, Wells Fargo, JPMorgan Chase, Citigroup and Ally Financial. Possibly, includes smaller firms too.

 2. Nov. 2011 news

http://www.housingwire.com/2011/11/01/ag-settlement-targets-5-largest-mortgage-servicers

Are we approaching the end of tunnel to see the completion of BAC settlement?

About Timeless Investor

My name is Samual Lau. I am a long-term value investor and a zealous disciple of Ben Graham. And I am a MBA graduated in May 2010 from Carnegie Mellon University. My concentrations are Finance, Strategy and Marketing.
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