Old 08-05-2009, 09:45 AM   #1 (permalink)
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Exclamation Regarding Progress Report from 8/4

I posted this on another thread, but feel it deserves it own post for all to read:

I came across another article about the whole progress report and look at this excerpt:

Bank of America has done the worst among the large servicers, with offers extended to only 12.5 percent of potentially eligible borrowers and trial modifications begun in only 3.5 percent of the cases. (These figures exclude its subsidiary Home Loan Services.) Moreover, its offer acceptance rate of 28.1 percent is less than half the program’s average.

Umm...is the subsidiary mentioned in the article BAC Home Loans Servicing??? Aren't they the division handling all of us whose loans were held with Countrywide (YES they are)? What are those numbers looking like? I bet even worse than Bank of America!!!! What a nightmare!!!!!!!


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Old 08-05-2009, 09:49 AM   #2 (permalink)
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Re: Regarding Progress Report from 8/4

Looks like BofA is not interested in helping us.
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