Tuesday, October 13, 2009

And Last Place Goes To....

Wondering which bank has the worst record for loan modifications? That dubious honor goes to Bank of America!

A report issued last week by the Treasury Department shows that, of those borrowers potentially eligible to have their loans modified under the Making Home Affordable program, only 11% have been given a modification by Bank of America. That places them at the bottom of the list of major banks involved in the program.

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