LOS ANGELES (AP) — A spate of lawsuits accuse some of the nation’s biggest banks of disregarding what should be binding agreements to reduce the monthly mortgage payments of troubled borrowers.
One suit filed alleges that a Bank of America subsidiary began sending Massachusetts resident Maria Campusano account statements with inaccurate loan balances and other mistakes after modifying her mortgage.
Another accuses CitiMortgage Inc. telling Staten Island, N.Y., resident Julie Lewis that she had been denied a modification that it had already granted her.
The suits represent a new wave of complaints against banks that have already weathered years of criticism for their reluctance to modify loans and for foreclosing on borrowers after offering them trial modifications.
Bank of America and CitiMortgage could not comment on the suits.
