NEW YORK (Source: By David McLaughlin, Dawn Kopecki and Margaret Cronin Fisk Bloomberg News) — Bank of America Corp. faces increased pressure from the Utah and Connecticut 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.

By David McLaughlin, Dawn Kopecki and Margaret Cronin Fisk Bloomberg News

Thursday, May 26, 2011 7:58 p.m. MDT

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