About REReno recently had a story about Coldwell Banker Mortgage getting slapped down by a Federal court jury.
A federal court jury awarded David Brash, a soldier at Fort Benning, GA more than $20 million on Monday in a case against Coldwell Banker Mortgage.
It seems, however, that the banks have not yet learned their lessons.
Units of Bank of America Corp. and Morgan Stanley have agreed to pay more than $22 million to settle charges that they improperly foreclosed on active-duty members of the U.S. military, the Justice Department said Thursday.
The Bank of America unit, which was part of Countrywide Financial, will pay $20 million to resolve allegations it foreclosed on the homes of about 160 service members between January 2006 and May 2009 without court orders, the Justice Department said.
Saxon Mortgage Services Inc., part of Morgan Stanley, will pay $2.35 million to resolve allegations that it did the same to about 17 service members between January 2006 and June 2009, the government said.
Read more.