Gulf of Mexico Oil Spill Blog Bank of America Anonymous Foreclosures Emails

Bank of America Anonymous Foreclosures Emails

Bank of America Anonymous Foreclosures Emails

Bank of America Anonymous Foreclosures Emails

Group makes Bank of America e-mails public

New York –  A group of activists released Monday on the hacker Web site Anonymous a series of e-mails that supposedly reveal bad practices by Bank of America aimed at increasing foreclosures on its clients.

Leaked through a number of Web sites, these e-mails appear to have been gathered by an ex-employee of Balboa Insurance, a mortgage and car insurer acquired by the Bank of America when the bank took over Countrywide Financial in 2008, and which it sold last month to an Australian firm.

These documents refer to the possibility of altering the identification number of a mortgage loan in such a way that the insurance company’s information would not match that of the bank.

Using such a tactic, Bank of America could have been able to increase foreclosures among its clients in an unjustified way, something that several U.S. consumer-protection organizations have reported about a number of financial institutions in the country.

The e-mails, dated November 2010, appear to show that directors of the bank authorized employees to change mortgage-loan information, which, according to those responsible for leaking them, is an indication of the bank’s fraudulent operating procedures.

This leak comes after the founder of WikiLeaks, Julian Assange, said months ago that in 2011 he would release documents incriminating a large American bank, which, according to the new revelations, could be Bank of America.

source: Group makes Bank of America e-mails public – Fox News Latino

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