BofA accused of obstructing foreclosure probe

posted by
June 14, 2011
Posted in News

"Back in December, Bank of America was sued by Arizona over mortgage modification programs intended to keep Countrywide borrowers out of foreclosure. Arizona accused the bank of pursuing foreclosures even while requests for modifications were pending. Now a damning accusation by a U.S. Department of Housing and Urban Development’s inspector general has been filed as an exhibit in that lawsuit. The report says that Bank of America 'significantly hindered' a federal review of its foreclosure practices." (06/14/11)  

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