Bank of America Raises Its Mortgage Settlement Offer

Bank-tmagArticleWho’s knows, maybe those who lost heir homes will get some of their money back. This is at least their second big fine within a year.

The bank was offering a total of $13 billion, the people said, including $4 billion in cash. The bank narrowed the gap on Wednesday, the people said, raising its cash offer to about $7 billion and its total proposal to roughly $14 billion.MORE