Former Financial of The usa employees offered sworn statements that financial lied to home owners, refused loan modifications getting bogus reasons and compensated professionals getting delivering people to property foreclosure.

Series: Property foreclosure Crisis

Lender regarding The usa group continuously lied so you can home owners trying loan improvement, refuted the software getting produced-right up factors, and was in fact rewarded for giving residents so you’re able to property foreclosure, centered on bound statements from the former bank group.

Brand new worker comments was in fact registered late the other day during the government courtroom for the Boston as part of a multi-state category action match created behalf away from residents whom needed to cease property foreclosure through the government’s Family Affordable Amendment Program (HAMP) however, say that they had the circumstances botched from the Bank off America.

ProPublica symbolization

Inside the a statement, a lender off The usa spokesman mentioned that all the previous employees’ statements was rife having truthful discrepancies and therefore the financial institution have a tendency to respond so much more totally inside judge next few days. Read More