Allegations of Homeowner Abuse Won't Help Bank of America Regain Mortgage Business

While some details are new, the charges are not. Two whistleblowers, one that worked at Countrywide, and another that worked for a lending unit under contract with B of A, have made similar allegations in the past. Nor has this behavior been limited to B of A and fellows Citigroup (NYSE: C ) , JMPorgan Chase (NYSE: JPM ) , Wells Fargo (NYSE: WFC ) , and Ally Financial, the signatories of the $25 billion National Mortgage Settlement. Last year, a former employee of Litton Loan Servicing told ProPublica how that company, working for Goldman Sachs (NYSE: GS ) , routinely engaged in "denial sweeps," in order to reduce the backlog of cases.''