Bank of America is facing a class-action suit from homeowners for allegedly attempting to force people into foreclosure, on purpose. ?The suit alleges that Bank of America employees were actually rewarded for finding ways to push homeowners into foreclosure.
Pro Publica has done an extensive investigation of the problem, and it?s really quite amazing. ?Apparently the controversy surrounding the administration?s HAMP problem whereby some homeowners could seek help getting their mortgages modified so that they could lower their monthly payments.
Homeowners were reportedly denied HAMP?modifications?en masse, while employees would create fictitious reasons for the denial. ?Pro Publica also reports that Bank of America employees were allegedly told to lie to customers about not having received their documents, in an effort to stall movement on the modifications.
Sadly this isn?t the first time we?ve read some bad news about Bank of America. ?They seem to be a recurring problem. ?Here?s some of our past coverage of them, for example:
Matt Taibbi says Bank of America is ?too crooked to fail.? ?But can a bankster ever really be ?too? crooked?
@aravosis | Facebook | Google+. Editor of AMERICAblog, joint JD/MSFS from Georgetown, worked in the US Senate, World Bank, Children's Defense Fund, and as a stringer for the Economist. A frequent TV pundit, he has been on The O'Reilly Factor, Hardball, World News Tonight, Nightline & Reliable Sources. Full bio and article archive.
Source: http://americablog.com/2013/06/bank-of-america-foreclosure-homeowners.html
Shannon Rogers Guess Richardson Cricinfo Leslie Van Houten paris jackson paris jackson Tropical Storm Andrea CMT Awards 2013
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.