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Saturday, October 30, 2010

BANK OF AMERCIA executive Rebecca Mairone

Is either a very stupid woman or she thinks the rest of us are.  She says Bank of Americia is doing well with Hamp because they have modified the most loans. What she didn't mention is that Bank of America has a pool of Delinquent loans that is much larger than the other servicers.  So in actuality Bank of America has done the worst by far!

It modified 21% of the eligible loans.

The other Big Four banks have done better: Citigroup has granted permanent modifications to 44 percent of potentially eligible borrowers. For Wells Fargo, it's 37 percent, and for JPMorgan Chase, it's 32 percent.

So Rebecca Mairone what do you have to say about that?

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