bofa 01TBF receives $8.5M under BofA mortgage settlement

 

This is a nashvillepost.com article.

 

Foundation one of 56 legal-assistance organizations nationwide to receiving funds.

The Tennessee Bar Foundation will receive approximately $8.5 million from Bank of America as a part of a nationwide settlement to provide homeowners with legal assistance in foreclosure prevention and community redevelopment.

Headquartered in Nashville, TBF is one of 56 state-based legal-assistance organizations receiving funds under the settlement, which resolved legal claims arising from mortgage-related activities by Bank of America and its subsidiaries.

The fund is connected to the bank’s record-setting $16.7 billion settlement in 2014 with the U.S. Department of Justice and related to the bank’s questionable mortgage practices.

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