The mortgagers’ attorneys asked the court to preliminarily approve the settlement, in which approximately 17,000 class members who allegedly received late lien releases for residential mortgages would receive between $180 and $ Bank of America is to pay $ 100 m to settle a class action which had accused the bank of failing to timely present mortgage satisfaction reports ; the settlement has been preliminarily approved .
Bank of America is to pay $ 100 m to settle a class action which had accused the bank of failing to timely present mortgage satisfaction reports ; the settlement has been preliminarily approved .