Bank of America Faces Class Action Over Alleged Mortgage Modification Lies. Seattle, WA: A consumer banking deceptive practices class action lawsuit has been filed alleging that Bank of America (NYSE: BAC) created and headed an illegal enterprise designed to defraud homeowners seeking loan modifications as part of the government. Instead it took $4. For instance, the suit claims that Urban employees answered the phone, . According to the suit, employees who questioned the ethics of declining modifications for fraudulent reasons, or of lying to customers, were subject to discipline including termination. The lawsuit claims that Bank of America is guilty of violating the Racketeering Influenced Corrupt Organizations Act, or RICO. It asks for damages to be awarded to a proposed class defined as. Tried to sell it to no avail, Countrywide would not accept any offers. HOPE NOW is an alliance between HUD approved counseling agents, servicers. Homeowners's Hope TM Hotline; Unemployement Resources; Loan Modification Scam Alert. Hardest Hit Fund First Lien Relief Program; Bank of America Home. You can click the Return to Bank of America button now to return to the. Find a community grant from Bank of America and your nonprofit organization. We provide an extensive program of arts and sports sponsorships to help. HOPE empowers New Yorkers to overcome poverty through skills. The HOPE Program is proud to be the parent organization of Sustainable South. The Bank of America Charitable Foundation has named The HOPE Program. JOIN THE HOPE NEWSLETTER. Welcome to Bank of America's financial center location finder. Locate a financial center or ATM near you to open a CD. Are Not Bank Guaranteed: May Lose Value. Bank of America Home Retention program is designed to. Since the acquisition of Countrywide by Bank of America. FHA refinancing options under the HOPE program.
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