Of the Andrew Jakabovics, Affiliate Director for for Housing and you may Economics in the middle getting Western Progress Action Finance, and you can Pat Garofalo.
Because Treasury Agencies began opening analysis with the results out of servicers doing HAMP, Bank regarding The united states happens to be lifeless past of one’s four highest servicers.
BofA might have been engaging in HAMP due to the fact their the start inside the mid-April. As of the conclusion Oct, it had productive demo adjustment toward fourteen percent of their estimated 991,000 qualified mortgages. It rates are less than half compared to Wells Fargo (30 %), which is third among big servicers. Leggi tutto “RELEASE: Bank Regarding America Failing woefully to Follow Treasurys Mortgage Modification System”