Bank of America may be looking to give distressed homeowners a break–for a price, of course. There are reports out this evening that the nation’s largest bank is negotiating a side deal with state and federal regulators over its mortgage and foreclosure practices. The deal, as reported by The Huffington Post, would force BofA to pay a hefty fine which would be used to toward writing down certain homeowners’ mortgages. The catch is that in exchange BofA would be granted some kind of immunity from future claims relating to its shady mortgage practices.
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