Judge Fines Bank of America $45 Million for ‘Heartless’ Treatment of Mortgage Borrowers28 Mar 2017—The Wall Street Journal
A bankruptcy judge issued a $45 million fine against Bank of America Corp., calling the bank’s treatment of a California couple who fought to save their home “brazen” and “heartless.”
Judge Christopher Klein of the U.S. Bankruptcy Court in Sacramento said the bank’s mortgage modification process and mistaken foreclosure on Erik and Renee Sundquist’s home left them in “a state of battle-fatigued demoralization.”
The case brings...
Judge Fines Bank of America $45 Million for ‘Heartless’ Treatment of Mortgage Borrowers28 Mar 2017—The Wall Street JournalA bankruptcy judge issued a $45 million fine against Bank of America Corp., calling the bank’s treatment of a California couple who fought to save their home “brazen” and “heartless.” Judge Christopher Klein of the U.S. Bankruptcy Court in Sacramento said the bank’s mortgage modification process and mistaken foreclosure on Erik and Renee Sundquist’s home left them in “a state of battle-fatigued demoralization.” The case brings...
Financial Reporter at Reuters