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BofA Targeted as States Step Up Pressure in Foreclosure Probe

Bank of America Corp. faces increased pressure from two attorneys general to change its mortgage-servicing and foreclosure practices as states said the bank and four other servicers may face $17 billion in claims.

Utah Attorney General Mark Shurtleff accused Bank of America of breaking state law, while Connecticut Attorney General George Jepsen said the bank failed to fix “well-documented” problems in its mortgage-servicing business, according to letters released by their offices yesterday.