2013-07-13charlotteobserver.com

``Pointing to those statements, Wednesday's lawsuit alleges that the bank and a contractor ran a "scheme" to deny the modifications. The Colorado lawsuit, brought by three homeowners who sought HAMP modifications from Bank of America, names as a co-defendant Urban Lending Solutions, a Broomfield, Colo., contractor to whom the bank sent HAMP work.

The lawsuit echoes claims made in the Massachusetts case, alleging that Bank of America pushed homeowners to accept costlier in-house modifications, because those were more profitable for the bank than HAMP modifications. The latest lawsuit claims those activities constituted racketeering, using "interstate mails and wire communications."''



Comments: Be the first to add a comment

add a comment | go to forum thread