Photographer: David Calvert/Bloomberg
The tracks in the Nevada snow? Underwater homeowners walking away from their homes.
Under new rules, Fannie and Freddie won't try to collect "deficiency judgement," pursuing home owners for the remaining debt on houses they've walked away from. Sounds like a generous move. It's not.
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Amount Bank of America will pay in its latest mortgage-loan related penalty. BofA has booked more $70 billion in home-loan related expenses under current chief Brian Moynihan, mostly related to the 2008 Countrywide takeover.
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