Thursday, March 8, 2012

Bank of America: Maximizing Profits Off the Backs of Struggling Homeowners | Common Dreams

Bank of America: Maximizing Profits Off the Backs of Struggling Homeowners | Common Dreams
"A complaint unsealed in court yesterday from a whistleblower alleges that Bank of America defrauded the federal Home Affordable Modification Program (HAMP), designed to help homeowners facing foreclosure, by preventing "scores of eligible homeowners" from receiving loan modifications in order to prevent losses while at the same time receiving benefits for being part of the HAMP program."