BofA halts foreclosurers

Testimony Pokes Holes in Bank of America's Defense

Bank of America challenges testimony by one of its operational leaders -- that Countrywide may have held on to homeowners' notes that it should have put into a trust. But the testimony is reinforcing fears that BofA is in big trouble.

Bank of America to Halt Foreclosures Nationwide

Bank of America plans to halt foreclosure sales across the nation, as it reviews whether it handled its foreclosure documentation and procedures properly, the banking giant said Friday.