Scumbag Bank of America - Employees told to lie to customers.

Original Article (lots of more details)

According to multiple employee and contractor affidavits:

Quote :

The government’s Home Affordable Modification Program (HAMP), which gave banks cash incentives to modify loans under certain standards, was supposed to streamline the process and help up to 4 million struggling homeowners (to date, active permanent modifications number about 870,000). In reality, Bank of America used it as a tool, say these former employees, to squeeze as much money as possible out of struggling borrowers before eventually foreclosing on them. Borrowers were supposed to make three trial payments before the loan modification became permanent; in actuality, many borrowers would make payments for a year or more, only to find themselves rejected for a permanent modification, and then owing the difference between the trial modification and their original payment. Former Treasury Secretary Timothy Geithner famously described HAMP as a means to "foam the runway” for the banks, spreading out foreclosures so banks could more readily absorb them.

One day I will tell you about the Bastards(using a nice word) at Ocwen,  That is exactly what happened and more.  I was lucky I did not need it but a lot of others did and lost every thing