Bank of America Splits Mortgage Unit
admin2011-02-08T05:45:51-07:00February 8, 2011 (Jeff Alan) Bank of America is splitting its mortgage business into two units, with a new division created specifically to handle foreclosures and discontinued loan products. The new unit, Legacy Asset Servicing, will be charged with resolving issues involving faulty paperwork that had led the bank to temporarily suspend foreclosures across the [...]