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  • Report: #623937

Complaint Review: Bank of America Mortgage

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  • Submitted: Fri, July 16, 2010
  • Updated: Fri, July 16, 2010

  • Reported By: jbg — Roanoke Texas United States of America
Bank of America Mortgage
Internet United States of America

Bank of America Mortgage Mortgage BofA charged to you beginning November 2009 , Internet

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If you have a mortgage with Bank of America, check your statements from November 2009 onwards.  This may just be a one time error, but I have noticed that the interest they are charging me for my mortgage loan is overhcharged at between $2.00 to $4.00 each month. 


This overcharge started in November 2009.  Before November 2009, the interest computation was 100% correct to the last penny.


If this overcharge is true for all the loans they're servicing, then just imagine $2.00 multipied by over a million loans each month !!!  That means they have been overstating their income by millions of dollars each quarter !


I have brought this up to their attention.  I honestly hope for their sake and for our country's economy that mine is an isolated case.


 


This report was posted on Ripoff Report on 07/16/2010 03:27 PM and is a permanent record located here: http://www.ripoffreport.com/r/Bank-of-America-Mortgage/internet/Bank-of-America-Mortgage-Mortgage-BofA-charged-to-you-beginning-November-2009-Internet-623937. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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