Bank of America’s (BAC) $8.5B proposed settlement over mortgage securities could put tens of...

|About: Bank of America Corporation (BAC)|By:, SA News Editor

Bank of America’s (BAC) $8.5B proposed settlement over mortgage securities could put tens of thousands of its most troubled borrowers at risk of being evicted even more quickly, NYT reports. "While not a desirable outcome, the recovery of the housing markets depends on moving through the foreclosure process as quickly and fairly as possible," BofA says.