The bank met U.S. Justice Department representatives on Tuesday, but no progress was made towards a final deal, the paper reported. (http://on.wsj.com/1rgO8cl)

Bank of America had previously offered about $12 billion to settle the matter, including a portion to help struggling homeowners, while the Justice Department had suggested a $17 billion settlement, sources told Reuters earlier this month.

The bank declined to comment on the report.

(Reporting by Tanya Agrawal in Bangalore; Editing by Joyjeet Das)