BOA, Urban Lending Sued for Rackateering on Fraudulent "Modification" Program

382 Comments / AMGAR, Corruption, Fannie MAe, foreclosure, foreclosure mill, GARFIELD GWALTNEY KELLEY AND WHITE, GTC | Honor, Investor, Modification, Mortgage, Pleading, securities fraud, Servicer, Statutes / By

In a case that may have far-reaching consequences, a lawsuit was filed in federal court in Colorado accusing Bank of America of racketeering, which is what borrowers have been screaming about for years. It was a game to the bank. They intentionally lured people into what they thought was a good faith modification program, encouraged …

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