…the second-biggest U.S. lender, rewarded staff with cash bonuses and gift cards for meeting quotas tied to sending distressed homeowners into foreclosure, former employees said in court documents.
Mortgage workers falsified records and were told to delay U.S. loan-assistance applications by requesting paperwork that the Charlotte, North Carolina-based bank had already received, according to statements from ex-employees filed last week in federal court in Boston. The lender improperly disqualified applicants to the Home Affordable Modification Program, or HAMP, according to a May 23 statement from Simone Gordon, a loss-mitigation specialist who left the company in 2012.
…up to 200,000 people angry with high costs and poor public services took to the streets. Protesters in Rio de Janeiro burned cars and looted buildings as police attempted to disperse them with teargas and rubber bullets. Aerial images showed thousands of people attempting to storm the congress building in Brasilia. The rallies…are some of the biggest ever seen in the country…
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