Bank of America extends drop in mortgage rankings

And how many former executives from Countrywide are in jail? NONE. I personally know
one crook who owned 11 houses and NEVER had to verify any income to Countrywide.
Now he just declared bankruptcy and walked away, no jail time for him or the robo
signing document department .FRAUD, FRAUD AND MORE FRAUD and these
overpaid government clowns we all elected to enforce the law do next to nothing.

i think mozilla is the one who should be sharing a cell with madoff.

Bank of America, Chase , Wells Fargo, Goldman Sachs, Citigroup are all CORRUPT financial institutions !!! BOYCOTTT corrupt financial institutions !!! Be American !!!!!!!!!

BANK OF AMERICA HAS TO BE THE WORST RUN BANK IN THE WORLD! ! NO BUSINESS SENSE AT ALL! ! TRY TALKING TO THEM ABOUT THE HAFA PROGRAM SOMETIME! ! WHAT A JOKE! !

the person who bought countrywide should be shot. That company was a horror story.

Trouble with Bank of America mostly started with CRA act (thanks to our govt) that forces banks to make mortgages to those who couldn't otherwise buy homes. According to IBD, B of A had to commit to 1.5 TRILLION over 10 yrs in loans to low income and disadvantaged to not be prevented from growing and merging. This little agreement with regulators and community groups came just as the housing market was about to tank. This is exactly why the govt needs to be shrunk. FHA only recently began to say that people with credit scores below 590 could no longer get a mortgage with 3.5% down payment. #$%$?? They can still get a loan with a 510 credit score, just need to come up with a little more down? Are you kidding me? Do you realize how bad a credit score that is? Why are the taxpayers paying for the govt to insure this crap? They (Fanni, Freddi FHA) need to be wound down, as promised. Oh wait... congress just paid for the extension of the SS tax cut with a special fee added to mortgages insured by FHA? Guess they aren't planning on winding down the FHA anytime soon. So, expect more business as usual in Washington DC.

l lost confidence in BAC after my mortgage loan application went sour and I had to cut my lost ($500 fee) rather than dealing with their ridiculous underwriter. I have 800 + FICO plus was putting more than 50% down but they made the process so hard and difficult I just had to walk away....... I'll never do business with BAC.

why is angelo Mozilo not in jail

countrywide was a shotgun wedding just like merril lynch. these people just do whatever they want at our expense

2nd

if you want the REAL story on the causes of the housing bust, google "IBD Bank of America, CRA Acorn clones". You'll get the real dirt.

Everything would be just fine again if we stopped killing babies. FIGHT ABORTION!!!

Banks used to be in the business of making loans to be profitable.

Now BofA comes in and says "...We've shaped our mortgage business much smaller..."

So how is BofA going to earn its way out of the mess they are in, WITHOUT A BAILOUT?

Sell all of their assets? Raise fees? Go Bankrupt?

Seems like if you are not striving to be #1, you are going to be nothing in this day and age.

Dump BofA. If you are thinking about defaulting on your BofA loan, just do it. They got greedy, buying into the Countrywide mess like they did.

BofA deserves to not exist. Read enough stories and used to bank with them... bad news.

Perhaps the goverment will continue to keep them alive... laundering money for the FED... can't imagine any other use for this bank.

I have lost respect for this bank, and will never put a penny on deposit with then EVER again.

This is further indication that BofA was never very good at mortgage origination.

a drop,

heck why don't you give out more stock for bonuses,heck i know give bigger bonuses for the one who bring in the least amount of home mortgages.or maybe yet give out retainer bonuses.thats for the ones who nobody else will hire.

Thanks for whoever made the decision who bailed out of big banks, so we can keep so many jobs. Imagine we let all the banks that are 'insolvent' by accounting means, United States will be still in the 2009 March 'mode' for at least 10 years. Banking are the life blood of a country without banks where will business borrow money and where people can keep their money? People who hate bank mostly are poor people.

The main problem with Bank of America is they have lied to and cheated too many people by pure Fraud. Why would anyone that knows about how they have lied and cheated people on their homes ever want to use them. B of A will be closed down by the Feds this year for massive fraud lawsuits.

Bank of America, the bank of Fraud, lied, cheated and stole my entire retirement money by pure fraud. Stay away from this evil bank because the Feds will close it down for massive fraud lawsuits.

Wow, It must be great to cherry pick. If you qualify you must be loaded.