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10-03-24 Homeowners File Class Action Lawsuit Against Bank Of America For Allegedly Failing To
Modify Troubled Mortgages
http://classactionlawsuitsinthenews.com/class-action-lawsuits/bank-of-america-mortgage-modification-class-action-lawsuit-filed/comment-page-28/#comment-12206

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Bank Of America Mortgage Modification Class Action Lawsuit

MARCH 24, 2010

Homeowners File Class Action Lawsuit Against Bank Of America For Allegedly Failing To Modify
Troubled Mortgages
A class action lawsuit was filed against Bank of America in U.S. District Court, Western District of Washington
(Seattle), No. 10-00488, on behalf of homeowners alleging that Bank of America reneged on a promise to modify
troubled mortgages as a condition to accepting twenty five billion dollars of federal bailout money, according to a
class action news report.
The Bank of America class action lawsuit reportedly alleges that Bank of America agreed to take part in the U.S.
Treasury Department’s $75 billion Home Affordable Modification Program (HAMP) since it accepted bailout
funds from the Troubled Asset Relief Program (TARP), but allegedly had an incentive not to modify loans because
doing so might cause it to repurchase more loans, collect lower servicing fees, or assess lower default charges
because fewer payments would be deemed late.
If You Have Thoughts On The Bank Of America Mortgage Modification Class Action Lawsuit, Share Your Class Action Comments Below.

2511 comments… read them below or add one

Joseph Zernik, Human Rights Alert (NGO)February 2, 2011 at 8:22 am
Your comment is awaiting moderation.
Abundant evidence shows criminality by Bank of America and its President Brian Moynihan (see links below).
However, the chances are slim for any remedy through the US courts, since the evidence shows that the US courts treat BofA
and its executives as vested in sovereign immunity.
We live in a Robber Baron Revival Era.
Joseph Zernik, PhD
Human Rights Alert (NGO)
LINKS:
[1] 10-05-05 Countrywide Bank of America NYSE BAC and its President Brian Moynihan Compilation of Records Evidence of
Racketeering
http://www.scribd.com/doc/30975368/
[2] 10-05-05 Chairs of US Congress Committees of the Judiciary and Banking Are Requested to Join Senator Feinstein’s
Inquiries on Comptroller of the Currency
http://www.scribd.com/doc/30979882/
[3] 10-07-06 Complaint Filed with US Attorney Office Los Angeles Against Moynihan Bank of America [NYSE:BAC] Bryan
Cave LLP Alleging Racketeering
http://www.scribd.com/doc/33971099/