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Loan Modification

: Mortgage Lender Implode-o-Meter

Are "Friends of Angelo" Still Receiving Perks From Bank of America?

By Implode-Explode Heavy Industries

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``It appears they are offering lucrative loan modifications to homeowners who were on Countrywide?s old Friends of Angelo list in order to artificially inflate their numbers of successful modifications and as political favors to influential policy makers in Washington. This is probably to get consumer groups and policy makers in Washington off their back because the last thing Bank of America needs is to become someone?s campaign issue in the upcoming November election.''

Full post as published by Mortgage Lender Implode-o-Meter on May 12, 2010 (boomark / email).

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