NEW YORK CITY — Bank of America and its Countrywide unit will pay $8.5 billion to settle claims that the lenders sold poor-quality mortgage-backed securities that went sour when the housing market collapsed.

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Times have unquestionably been tough for lenders and borrowers in the commercial real estate market. But lenders may have caught a break recently in a New York State Supreme Court, New York County decision that indicated summary judgment ...

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WASHINGTON, D.C. — An Obama administration official says a preliminary investigation into the foreclosure process found inexcusable breakdowns in the basic controls mortgage lenders should have been using.

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A new state law allows those in foreclosure on their homes to have lenders pay their legal fees in some cases, a move some attorneys say will level the playing field. Gov. David A. Paterson last week signed The Access to Justice in Lending Act ...

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WASHINGTON, D.C. — President Barack Obama's top housing official says lenders are within their rights to resume foreclosures this month despite allegations that they erred in processing documents.

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WASHINGTON, D.C. — A key lawmaker is demanding that more than 100 mortgage companies determine whether foreclosure documents they approved contain errors and reveal their findings.

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