In a great PR piece for Wells and BOA, the LA Times reports on their efforts to help struggling borrowers. One can only wonder if the two banks profited the most from putting borrowers into loans they couldn't afford?
The two banks claim they are helping more borrowers with the new Making Home Affordable Program than other lenders. BOA purchased Countrywide, which is one of the most prolific lenders that offered questionable loans. Shouldn't this be a walk of shame for the two lenders?
Photo used under the creative commons license from Wikipedia.
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