BofA Gave Bonuses to Foreclose on Clients, Lawsuit Claims

http://www.bloomberg.com/news/2013-...ose-on-clients-lawsuit-claims.html?cmpid=yhoo


Falsify Information’

Another former employee, Theresa Terrelonge, said loan officers were given restaurant gift cards and $25 cash awards for denying loan applications. The incentives moved workers to improperly reject applicants, Terrelonge said in a May 15 statement.

“I witnessed employees and managers change and falsify information in the systems of record, and remove documents from homeowners’ files to make the account appear ineligible for a loan modification,” said Terrelonge, a loan servicing representative. This allowed managers to meet quotas for closed cases, she said.

Bank of America instructed employees to delay applications and mislead customers “as part of a deliberate practice of stringing homeowners along,” lawyers said in a June 7 filing.
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and you are scared of the government? shiiitttt , both are evil.

 

Holy shit...

-First the rubber-stamping of signatures to speed up Forecloses...

Then the money Obama GAVE the BANKS to HELP distressed Home-owners AVOID foreclosure WENT INSTEAD TO - get this - their own foreclosure lawyers they hired to fight homeowners in court to PUSH foreclosures through. (home-owners of course, had to pay for their own lawyers to try to stop their forecolosures).
ON TOP, they also used Obama's 'gift' money to BUY OUT other banks for their own personal takeovers.

And now this. Fucking beautiful.

God I hope there is a a MASSIVE CLASS-ACTION lawsuit!

 

you hit it on the head.

now let you , me and pookie did some fraud ......see what happens

 

None of those bastards have done time. Not one. Not then, not now. My level of disgust is off the radar.

 

yeah, they done time......in the bahamas and on their yachts

 

:smt005 I always say yur a mess, GL! But such a gotdamn funny one, though! :smt081

 

thank u. i will b here all week

 

With very little oversight and mostly what I assume would account for self regulation..this is not at all shocking.

It's disgusting beyond belief but not shocking.

All Hail capitalism. We grovel before thee at thy feet.