Homeowners Claim Bank of America Schemed to Steal Their Homes
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When the Obama administration launched HAMP in 2009, Bank of America was by far the largest mortgage servicer in the program. It had twice as many loans eligible as the next largest bank. The former employees say that, in response to this crush of struggling homeowners, the bank often misled them and denied applications for bogus reasons.
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“They tried to drag us into their cars and threatened to take. “We knew they wanted to steal the elections and they did,” Ortiz explained from the courtyard of his family home in El Progreso. “That.
Bank of America received over $336 billion dollars from the federal government during the real estate and financial crisis in 2008. In exchange, Bank of America agreed, in writing, to implement the Home Affordable Modification Program ("HAMP") in March of 2009 to assist millions of American homeowners facing foreclosure.
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It quickly became clear that my fears of the bank going out of business and stealing my money were unfounded. you might not be able to find at ATM you need. Whenever I came home to DC, I had to get.
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