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Bank of America Announces Agreements in Principle With Federal and State Authorities on Mortgage Matters

CHARLOTTE, N.C.–(ENEWSPF)–Feb. 9, 2012–Bank of America Corporation today confirmed it has joined the other four largest mortgage servicers in agreeing in principle to the terms of a global settlement resolving federal and state investigations into certain origination, servicing and foreclosure practices. The settlement with 49 state attorneys general, theUnited States Department of Justice and other federal agencies would extend additional relief to homeowners who are struggling to make mortgage payments and to make refinancing options available to more homeowners.

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