Bank of America stonewalling mortgage probe says HUD
Bank of America versus the government According to the Housing and Urban Development (HUD), America’s largest lender, Bank of America “significantly hindered” a federal review of its foreclosures on...
View ArticleWidow fights back against aggressive Bank of America servicing tactics
Losing a spouse and dealing with a mortgage On August 2, 2010, Hawaiian homeowner Deborah Crabtree’s husband died of cancer, and as any widow or widower, she was left to put the family affairs in...
View ArticleHomeowners take trash from foreclosure, deposit it at Bank of America
“We wanted to make a deposit.” “We wanted to make a deposit. Unfortunately they don’t want to take our deposit,” Boston resident Lisa Hines said of the ten large black trash bags residents collected...
View ArticleCountrywide agents found to have unusual number of Wite-Out dispensers on desks
Hot water for Bank of America In 2007, prior to failing and being bought by Bank of America, Eileen Foster was promoted to the executive vice president role in charge of the company’s mortgage fraud...
View ArticleBank of America will no longer buy mortgages from other banks
The changing tide This week, Bank of America has said it will close its correspondent mortgage lending business by the end of the year which means they will no longer buy mortgages from other banks,...
View ArticleClik here to view.
Couple never miss a mortgage payment, still hit with foreclosure notices
Wrongful foreclosures across the nation Over the years, we’ve reported on dozens of cases in which homeowners have been wrongly foreclosed upon because of bank errors or because of overzealous law...
View ArticleClik here to view.
Bank of America foreclosing on home that no longer exists, no missed payments
Bank of America wrongfully foreclosing Bank of America is not new to wrongfully foreclosing on homes, but as seen in the video above, a Texas homeowner whose house was destroyed by Hurricane Ike in...
View ArticleClik here to view.
Bank of America to foreclose on former homeowner over a missing $1
A simple error no one will fix Shantell Curtis’ husband is a trucker which requires that the couple and their two young children move from time to time, and most recently, the family sold their Utah...
View ArticleClik here to view.
Homeowner sues Bank of America for mortgage mishandling
Indianapolis homeowner sues Indianapolis homeowner, Darryle Caines has filed a lawsuit against Bank of America, alleging that without explanation, his mortgage was raised $700 per month, violating...
View ArticleClik here to view.
Viral video prompts Bank of America to finally close loan
“Close our loan!” Ken and Meredith Williams, like many Americans, applied for a mortgage and have experienced nothing but feet dragging on the part of their bank, but rather than get frustrated by the...
View ArticleClik here to view.
Man gets foreclosure notice for bank’s 80 cent typo
Bank error leads to near loss of a home Like millions of Americans, Tom Mudie was struggling to maintain his mortgage, so to avoid losing his home, he applied for and was approved for a mortgage...
View ArticleClik here to view.
Bank of America reports live customer dead to credit bureaus
Bank says you’ve been pushing up daisies South Carolina man, Arthur Livingston applied for a new mortgage, but was quickly denied as his credit report says, “File not scored because subject is...
View ArticleClik here to view.
Treasury to stop withholding funds from Chase, Bank of America
Banks have been penalized by the U.S. Treasury Department for not serving the consumer and failing to permanently modify loans as they have been receiving incentives for doing. The funds are no longer...
View ArticleClik here to view.
Bank of America principal reductions to average over $100,000
Bank of America has cut a side deal after the $25B mortgage settlement to offer massive principal reductions to homeowners that are underwater, a major move that the other large servicers will not...
View ArticleClik here to view.
Creative Bank of America program turns homeowners into renters
Creative pilot program allows homeowners with high balances that are at risk of foreclosure to stay in their homes and become renters for up to three years. The post Creative Bank of America program...
View ArticleClik here to view.
Intricate parody site targets Bank of America
There is no shortage of websites about companies that consumers believe do harm, but this particular site is a very intricate effort to not only shed light on a bank's shortcomings, but to parody them...
View ArticleClik here to view.
Shareholders suing Bank of America, judge refuses to dismiss
In what could turn out to be one of the largest shareholder lawsuits we've seen, one pension fund is taking Bank of America to task. The post Shareholders suing Bank of America, judge refuses to...
View ArticleClik here to view.
Countrywide whistleblower: from fired to millionaire
Without explanation, a Countrywide appraiser is fired, but perhaps it is because he kept telling executives that the company was wrongfully encouraging appraisers to boost home values for sales. The...
View ArticleClik here to view.
Bank of America to wipe out thousands of second lien mortgages
Bank of America is in the process of sending out thousands of second lien mortgage forgiveness letters as part of this year's massive mortgage servicer settlement. The post Bank of America to wipe out...
View ArticleClik here to view.
Mozilo claims mortgage crisis is fault of homeowners
Many consider Mozilo to be the greatest mortgage villain of all time, but he's avoided criminal charges, and now has the audacity to blame homeowners and values for Countrywide's woes, still claiming...
View ArticleClik here to view.
Bank of America secretly bailed out by Federal Reserve
Bank of America received what some are calling a secret bailout last year as the NY Fed threw their weight behind the big bank when AIG's lawyers came calling. The post Bank of America secretly bailed...
View ArticleClik here to view.
Bank of America most griped about bank, CEO pay rises
As Bank of America is named as the bank with the most borrower complaints, their CEO sees a 70 percent increase in his pay in the last year - what is going on here? The post Bank of America most griped...
View ArticleClik here to view.
How to overcome frustration with mortgage lenders
Dealing with big box mortgage lenders in any capacity can be frustrating, but armed with these four tips, you'll improve your chances of seeing progress. The post How to overcome frustration with...
View ArticleClik here to view.
BoA sued for lying, denying applications for bogus reasons
Former Bank of America staff members are coming forward, alleging bank policies that forced employees to lie to homeowners and in some cases, illegally foreclose. The post BoA sued for lying, denying...
View ArticleClik here to view.
Dow 30 drops Bank of America, HP, Alcoa from index
This week, the Dow 30 made some big changes, swapping out three giant brands for three others, which presents good news for investors overall. The post Dow 30 drops Bank of America, HP, Alcoa from...
View ArticleClik here to view.
Bank of America employee accused of taking $1M in bribes to rig short sales
One Bank of America employee has been charged with a scheme that put over $1 million in his pocket. The post Bank of America employee accused of taking $1M in bribes to rig short sales appeared first...
View ArticleClik here to view.
Bank of America found liable for Countrywide’s $850M in fraud
When Bank of America acquired Countrywide in 2008, they also acquired their problems. And fraud. The post Bank of America found liable for Countrywide’s $850M in fraud appeared first on The American...
View ArticleClik here to view.
Bank of America, Freddie Mac reach $404M mortgage settlement
Bank of America will shell out $404 million to settle their final claim between the big bank and Freddie Mac and Fannie Mae, covering losses dating back to 2000. The post Bank of America, Freddie Mac...
View ArticleClik here to view.
BofA exec to pay $10M penalty, is barred from being an executive for 3 years
(Business Finance) Bank of America has seen the fallout from bad choices leading up to the economic crash, and one executive is facing the $10 million music. The post BofA exec to pay $10M penalty, is...
View ArticleClik here to view.
Mozilo actually says he has no regrets and Countrywide did no wrong
(Mortgage) Despite his role in the most colossal mortgage company failures in history, the mysteriously orange Mozilo claims the world wants to punish him for being good at business. Oh, okay... The...
View Article
