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>> BANK OF AMERICA Latest News

DEC 23, 2013 - Washington Business Journal

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Bank of America finds itself in harsh spotlight over 'lost paperwork' allegations

Bank of America and its subcontractors placed obstacles in the way of troubled borrowers seeking loan modifications, including losing their paperwork, according to Bloomberg News, citing nine former employees of a BofA vendor. The bank and its subcontractor, Urban Lending Solutions of Broomfield, Colo., denied the allegations. California's largest bank canceled more trial modifications than any other mortgage firm, Bloomberg reported, citing U.S. Department of Treasury data. The controversy over…

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