DOJ files civil suit against Bank of America
The U.S. government on Tuesday filed two civil lawsuits against Bank of America for
what the Justice Department and securities regulators said was a fraud
on investors involving $850 million of residential mortgage-backed
securities.
The Justice Department and the U.S. Securities and Exchange
Commission filed the parallel suits in U.S. District Court in Charlotte,
according to the court filings.
http://www.cnbc.com/id/100943593
Watch this and you will see…BoA has been giving people incentive to
defraud people out of their mortgage and punishing people speaking out
or questioning this practice. 29 separate law suits so far.
Former Staffers: Bank Of America Rewarded Us For Lying To Homeowners, Losing Paperwork, Denying Modifications
…
For its part, Bank of America claims that these statements are “rife
with factual inaccuracies,” though it does not cite what those
inaccuracies might be.
“We continue to demonstrate our commitment to assisting customers who
are at risk of foreclosure and, at best, these attorneys are painting a
false picture of the bank’s practices and the dedication of our
employees,” reads a statement from BofA to Reuters.
These statements — which can all be read in their entirety at ProPublica —
are part of a lawsuit filed by homeowners who were granted a trial
modification, made all of their payments, but whose applications were
not processed in a timely manner. A consolidation of 29 separate
lawsuits from around the country, it is currently seeking class-action
status.
http://consumerist.com/2013/06/17/former-staffers-bank-of-america-rewarded-us-for-lying-to-homeowners-losing-paperwork-denying-modifications/
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