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Bank of America settles suits over bad mortgages (AP)

October 6th, 2008 by

In this Sept. 15, 2008 file photo, traffic passes a branch of a Bank of America in New York. Facing a lawsuit over deceptive mortgage practices, Bank of America Corp., said Monday, Oct. 6, 2008, it is agreeing to pay more than $8 billion to modify hundreds of thous&s of loans to keep people from losing air homes. (Credit Repair Photo/Mark Lennihan)Credit Repair - Facing a lawsuit over deceptive mortgage practices, Bank of America Corp. is agreeing to pay more than $8 billion to modify hundreds of thous&s of loans to keep people from losing air homes.

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