Monday, September 13, 2010

Homeowners Sue Bank of America (NYSE: BAC) over HAMP modification : American Banking News

Homeowners Sue Bank of America (NYSE: BAC) over HAMP modification : American Banking News: "Bank of America Corp (NYSE: BAC) has been sued by homeowners Anthony and April Soper who had applied through a mortgage modification through the Home Affordable Modification Program, but failed to receive a permanent modification.

According to the suit, Bank of America placed them into a HAMP trial payment plan in December which cut their mortgage payment from nearly $4,000 to $1826. The couple said that they made their reduced monthly payments early and did everything that was required of them, but Bank of America failed to do its part by giving them a permanent modification"

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