Bank of America named worst bank for mortgages

Bank of America named worst bank for mortgages

Bank of America named worst bank for mortgages

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by KMOV.com Staff

KMOV.com

Posted on March 29, 2013 at 6:52 AM

(KMOV.com) -- A new report is calling Bank of America the worst bank for mortgages.

Bank of America handles about 15 percent of U.S. home loans, but it accounts for 30 percent of the Nation’s mortgage complaints.

That is more complaints than any other bank in the U.S.

A good amount of the problems come from Bank of America’s handling of loan modifications, debt collections and foreclosures.
 

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