http://www.bizjournals.com/atlanta/morning_call/2011/05/boa-will-pay-soldiers-20m-to-settle.html?s=newsletter&ed=2011-05-27&ana=e_atl_rdupBank of America’s home loan division - BAC Home Loans Servicing, LP, formerly known as Countrywide Home Loans Servicing, LP, has agreed to pay a minimum of $20 million to settle a lawsuit that alleges the bank foreclosed, without court orders, on the properties of about 160 service members, a violation of the Servicemembers Civil Relief Act, the U.S. Department of Justice announced late Thursday. In a similar suit Saxon Mortgage Services, Inc., will pay $2.35 million in damages to 18 servicemembers.
Read more: BoA will pay soldiers $20M to settle suit | Atlanta Business Chronicle
For them to give in to this much on a settlement, they must be afraid of a MUCH BIGGER penalty from a jury!