B of A Customers Deadbeats?

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Bank of America (BAC) has a crummy record of helping homeowners revise their mortgages, which would help stem the tide of foreclosures sweeping across the U.S. Of the company’s roughly 158,000 customers who have started a “trial modification” under the federal Home Affordable Modification Program, only 58 have been able to get their mortgages permanently changed.

Why the microscopic batting average? Here’s B of A’s alibi: It’s got crummy customers. The company says that more of its borrowers are ineligible for HAMP than other banks’ clientele. Another excuse is that many B of A customers are no good at paperwork.

Hah, hah! Pretty ironic, don't ya think?

Of course, if so many B of A patrons are feckless deadbeats, it raises the question of how they got a loan in the first place. But never mind all that — logic should never interfere with the buck being passed. = Susie Madrak

http://crooksandliars.com/

Retired Monk - "Ideology is a disease"

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Climate deniers are running out of excuses...

One-by-one, the excuses for failing to act on climate change are disappearing.

Earlier this month, China proved that it's possible to quickly and dramatically reduce carbon emissions. According to an analysis by Greenpeace, our planet's largest greenhouse gas emitter reduced coal use by about 8 percent in a single year.

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