Bank of America Trailing Behind Other Banks In Mortgage Relief

Washington Post:

Bank of America employees are reminded every day of how far they still have to go. Just outside the elevators of their vast third-floor command center, attached to the wall, is a cardboard thermometer that shows them inching toward their goal of signing up 125,000 struggling borrowers for a federal program to modify their mortgages.

Read the whole story: Washington Post

Comments

[American411]

The Heartbeat of America is a scam. Don't listen to Hilary Clinton.

[BernankeMadoff]

The government has put the same punch bowl out that got us into the mess in the first place. More debt and consumption and don't worry about paying it back. (Berbnanke= Greenspan II)

Good articles: http://pie.im/af30

If this is change we can believe in, count me out in 2012. Obama should not have reappointed bernanke.

[Grada3784]

The VP is absolutely right. Bank Execs are entitled to entitlements; the rest of us get to deal with the hardships from their entitlements.

[anniebuddy]

BofA upper management are experts on entitlement.

[Grannysue]

Entitlement definition from B OF A, anyone who wants clear, concise and transparent loan documents and fees! Anyone who loses their job and wants their mortgage holder to work with them until the can rejoin the workforce!

[itolduso]

WE know the difference between hardship & entitlement....... HARDSHIP - what befalls people defrauded by bank's appraisers into believing a house is worth more than it is, what happens when trusting people are conned & misled into signing predatory loans & agreements so complex that they can't be explained even by those that wrote them, what happens when people agree to terms of a loan that are then punatively & arbitrarily changed by the lender, what happened to 35,000 loyal employees of BofA that were layed-off without notice (no 'golden parachutes' for REAL working people), what happens when honest, hardworking people get in a cash-flow bind through no fault of their own & their lenders refuse to talk to them or work out a repayment plan. ENTITLEMENT- when reckless, irresponsible, arrogant risk takers reap billions of taxpayers dollars-no strings-attached, enabling them to continue engaging in their own personal gambling sprees & pyramid schemes, destroy the world's economies, and cause untold anguish among the working people of America, while still cashing out unearned bonuses & exhorbitant pay packages.

[Agent420]

I see that being an @$$hole is still a requirement for employment at BOA.

[LorettaSingbiel]

"There's a difference between hardship and entitlement," said Jerry Durham, Bank of America's vice president of home retention.

Jerry Durham needs to part with some of his bank's ENTITLEMENT from taxpayers, and HIRE more employees to HELP more homeowners suffering HARDSHIP perpetrated by predatory practices made possible by the Party of NO morals.

[foxisms]

How much does this VP make each year? And what makes someone that's a "have", a good choice for defining hardship vs entitlement to the shriveling middle class and the "have nots"?

[JayemSwaybar]

i wisht i boght more house then i coud aford so the govamint wood hep me...i coud of have a extra bath room on your dime!!

[Veronica]

Time for your nap.

[JayemSwaybar]

i olny nap in my church pew!!

[LorettaSingbiel]

Sometimes a "me, myself & I" mentality can come around and kick you when you're down.

[Agent420]

Spend the dime on spelling lessons.

[Margery Kempe]

There is also a difference between being a bank and being a p*ick.

Or in this case...maybe not so much.

[xargaw]

Bank of America has always been on the forefront of poor customer relations. Someday in the future all the lenders will again be competing fevoriously with one another for borrowers in the home loan market. At that point, let's hope some group has made of list of who worked with their customers in the tough times and who didn't. I suspect BofA will be near the end of that list, if not dead last.

[WeMustSpeakOut]

Well, Bank of America certainly understands entitlement!
There is also a difference between "profit" and "profiteering."
Look it up when you can tear yourselves away from preying
upon the American people.

[FabulousAt52]

AMEN!

[mervr1]

There should have been a provision in the bailout to these banks that any bank that doesn't modify a certain percentage of loans, their interest rate on the payback would automatically be increased, kinda how they do the consumers.

Increase their interest rates!

[sheilaofmiami]

They make more money holding property, and foreclosing than they do working it out with mortgage holders, so why should they care?

[WeMustSpeakOut]

Apparently, they have yet to find a reason.

[xargaw]

Actually, they loose more money by foreclosing, a lot more money. However, they choose to "put off" taking the loss on the books so that their quarterly profits appear better than they really are. It is a shell game with the end game approaching.