Monthly Archives: February 2011

Bank of America Creates Foreclosure Unit with 30,000 Employees

If you want to know just how serious Bank of America’s distressed mortgage problem is, here’s a number you can put on it: 30,000.  That’s how many employees will work under the bank’s new “Legacy Asset Servicing” unit, according to a Reuters report released on Feb. 4th. This shows just how serious the country’s foreclosure […]

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