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Loan Modification

: The Truth About Mortgage.com

Bank of America Mortgage Boss Takes Pay Cut

By scot184

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Bank of America mortgage president Barbara Desoer saw her salary cut to just $500,000 from $800,000 after a review from U.S. Treasury pay czar Kenneth Feinberg. The Charlotte-based bank and mortgage lender revealed the move in a SEC filing; CFO Joe Price saw his salary slashed similarly. Of course, the pair will still receive millions in stock-based [...]

Full post as published by The Truth About Mortgage.com on November 30, 2009 (boomark / email).

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