Relevant:
- Examining the Foreclosure Crisis and the Pathetic HAMP Program
- Bank of America accused of racketeering in lawsuit
- Serving Your Country? Bank of America Wants Your House...At Any Cost.
- Obama's Home Affordable "HAMP" Program a Failure; Another Huge Wave of Foreclosures Coming
- No down-payment, no problem: BoA underwriting $10B in subprime mortgages with NACA
2013-07-16 — usnews.com
``This has led the banks to engage in a game of runaround with many borrowers, stringing them along before dumping them out of HAMP and right back onto the road to foreclosure. And no bank has epitomized this approach more than Bank of America, which, from the beginning, has failed to get its borrowers successfully through the program. (Initially, it claimed the problem was that its borrowers were more incompetent than those who bank at other institutions; unsurprisingly, that turned out not to be the case.)''
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