BofA Denied Homeowners Access To HAMP: Whistleblower

Law360, New York (March 07, 2012, 11:20 PM ET) -- Bank of America NA regularly denied qualified homeowners access to a federal program meant to help those facing foreclosure, while pocketing financial incentives for participating in the program, a whistleblower said in a suit unsealed Wednesday.

In a complaint filed in the Eastern District of New York, whistleblower Gregory Mackler said BofA had a policy of qualifying just enough homeowners for participation in the federal Home Affordable Modification Program to fend off prying government agencies and Congressional skeptics.

Instead of approving them for mortgage modifications, BofA...
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