The Attorneys General of Arizona and Nevada have sued Bank of America for violating consumer protection laws in the loan modification process. The civil lawsuits allege that BofA’s servicer is defrauding homeowners who try to modify their mortgages, telling them they would get a permanent modification and then rejecting their applications and evicting them. In addition, according the the lawsuits BofA is violating a settlement from a 2009 lawsuit against Countrywide, now owned by BofA, to modify loans of homeowners who were victims of predatory lending.
|By: David Dayen Sunday December 19, 2010 6:30 am|
|By: bmaz Sunday August 29, 2010 7:53 am|
Yes, that is Sparky the Sun Devil and the small turd next to him is John McCain. As you may have heard, the Arizona primary was last Tuesday and McCain squeaked by the “serious challenge” of gasbag extraordinaire J.D. Hayworth. McCain beat Hayworth by 25 points; this and other news and notes from the Arizona primary election.