We have sued BoA over this same type of modification fraud. I can’t tell you how many people have walked into my office with stories of Kafka-esque behavior by BoA relating to their Trial Payment Plan, or their modification review. I’ve had schoolteachers clutching binders full of meticulously documented efforts to simply be reviewed for a modification. I’ve had retirees who’ve had 26 different “single points of contact” from BoA. I’ve talked to ex-BoA employees who can detail how BoA fudged its mod numbers, or tricked people into force-placed insurance by the BoA owned Balboa (now QBE). So I’m not surprised by these allegations. Not at all. I’m just glad to see awareness raised. Maybe one of the Arizona district court judges or state court judges will catch the news. Maybe we’ll even get a response from AZ AG Horne that doesn’t sound like he is an apologist for the banks, rather than the state’s top lawyer charged with enforcing AZ law.
Chris Hayes did a show on the Bank of America revelations, with a panel including Eric Schneiderman, NY Attorney General. Tom Horne might take a few notes from Schneiderman on at least appearing to care, and not just excuse all servicer misbehavior as “shortcuts” or paperwork problems. No, this is called active fraud.