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Bank of America

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OIG: Bank of America Reverse Mortgage Servicing Operation Out of Compliance 

Aug 26, 2009By

The Office of the Inspector General for the U. S. Department of Housing and Urban Development’s (HUD) reviewed Bank of America’s home equity conversion mortgage (HECM) servicing division in Seattle, Washington and found that the servicer did not comply with two HUD requirements in its administration of HECM loans. According to the report, Bank of […]