Hi there,

May 1 and 2 are Public Media Giving Days. With lies and disinformation flooding the media landscape, and the Trump administration increasing its attacks on journalists, the need for independent news questioning and challenging those in power is more critical now than ever. We do not take any government or corporate funding, so we can remain unwavering in our commitment to bring you fearless trustworthy reporting on the issues that matter most. Thanks to a group of generous donors, all donations made today will be DOUBLED, which means your $15 gift is worth $30. If our journalism is important to you, please donate today. Every dollar makes a difference. Thank you so much.

Democracy Now!

Amy Goodman

Non-commercial news needs your support.

We rely on contributions from you, our viewers and listeners to do our work. If you visit us daily or weekly or even just once a month, now is a great time to make your monthly contribution.

Please do your part today.

Donate

Ex-Employees Say Bank of America Encouraged Foreclosures, Deceit

HeadlineJun 19, 2013

Former employees of the financial giant Bank of America are claiming they were encouraged to push customers into foreclosure, including by lying. In sworn statements added to a multi-state class action lawsuit against Bank of America last week, the employees describe regularly misleading homeowners seeking loan modifications and rejecting their applications for phony reasons. The employees allege Bank of America used the federal government’s Home Affordable Modification Program, or HAMP, to rake in as much federal money as possible before ultimately foreclosing on the homeowners the program was meant to help. Simone Gordon, a former former loan-level representative, said: “We were told to lie to customers and claim that Bank of America had not received documents it had requested.” In return for their deceitful practices, the employees say they were paid cash bonuses for the foreclosures they helped cause. The claims were first reported by the website ProPublica. Bank of America says the former employees’ statements are “rife with factual inaccuracies” and has vowed to respond in court next month.

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top