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IPFS News Link • Housing

Bank of America Whistle-blower Bombshell: “We Were Told to Lie” to Rip Off Borrowers

06-20-2013 • http://chrisinmaryville.net/

Bank of America’s mortgage servicing unit systematically lied to homeowners, fraudulently denied loan modifications, and paid their staff bonuses for deliberately pushing people into foreclosure: Yes, these allegations were suspected by any homeowner who ever had to deal with the bank to try to get a loan modification – but now they come from six former employees and one contractor, whose sworn statements were added last week to a civil lawsuit filed in federal court in Massachusetts.

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Reported By Chris Menke

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