Bank Of America & Chase Continue To Be Penalized For Sucking At Loan Modifications

Bank Of America & Chase Continue To Be Penalized For Sucking At Loan Modifications

For the third quarter in a row, the Treasury Dept. has released its report card detailing how the country’s largest mortgage servicers are doing with processing loan modifications. And for the third consecutive quarter, both Bank of America and JPMorgan Chase will not receive incentive payments from the Treasury because the banks are doing such a craptastic job at complying. [More]