Two of the nation’s largest banks say they will improve how they deal with homeowners after fielding hundreds of complaints over the $25 billion settlement aimed at curbing foreclosure abuse.
Bank of America and Wells Fargo have agreed to correct issues with some of the hundreds of new settlement standards, pledging stronger controls against foreclosure errors, speedier underwriting and clearer communicating with borrowers who want to stay in their homes.
Florida Attorney General Pam Bondi announced the changes today and said they would ensure banks “do a better job of providing Florida’s distressed homeowners the timely and effective assistance they need.”
