Bank of America Mortgage
Mortgage interest overcharged by a few dollars since November
- 07-16-2010
- 34
If you have a mortgage with Bank of America, check your statements from November 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 overcharged at between $2.00 to $4.00 each month.
This overcharge started in November. Before November 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 multiplied 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.
Company: Bank of America Mortgage
Country: USA
Site: bankofamerica.com