Bank of America employees regularly lied to homeowners seeking loan modifications, denied their applications for made-up reasons, and were rewarded for sending homeowners to foreclosure, according to sworn statements by former bank employees. The employee statements were filed late last week in federal court in Boston as part of a multi-state
Bank Of America Lied To Homeowners And Rewarded Foreclosures, Former Employees Say
Ex-employees say that in response to a crush of struggling homeowners, the bank often misled them and denied loan applications for bogus reasons.