ED Magedson – Founder
Bank of America MortgageInternet United States of America
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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