E-mail Leak of Alleged Bank of America Fraud

Deepsouthdoug at dailykos have published initial  batch of Bank of America leaks that shows alleged fraud.

http://www.dailykos.com/story/2011/03/14/956153/-BREAKING-Operation-LeakS-Releases-Initial-BofA-Emails

zerohedge blogged about the leak:

this appears to be a concerted effort from the ground up to hide foreclosure data from auditors and the Fed in order to obtain select preferential treatment in a variety of housing related axes, in many instances to accelerate foreclosures. As the whistleblower summarizes: “Balboa Insurance/Countrywide knowingly hiding foreclosure information from federal auditors during the federal takeovers of IndyMac Federal (a subsidiary of OneWest) and Aurora Loan Services (a subsidiary of Lehman Bros Holdings), falsifying loan documentation in order to proceed with foreclosures by fixing letter cycles in the system, reporting incorrect volumes to all of their lenders and to the federal auditors to avoid fines for falling behind on Loan Modifications, purposefully and knowingly adjusting premiums for REO insurance for their corporate clients while denying forebearances for individual borrowers, etc, etc, etc.

 

 

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