BofA Says Ex-Workers Made Impossible Loan-Program Claims
This article is for subscribers only.
Bank of America Corp. said former workers who alleged the firm awarded bonuses for sending homeowners into foreclosure misrepresented their roles and made “impossible” claims about the lender’s assistance program.
The ex-employees, whose sworn statements were filed last month in a lawsuit against the bank, had limited roles that didn’t allow them to understand the full scope of efforts to assist distressed borrowers, the Charlotte, North Carolina-based company said today in documents in federal court in Boston.