This article appeared online at TheNewAmerican.com on Wednesday, March 29, 2017:
Bankruptcy Judge Christopher Klein fined Bank of America $45 million on Thursday for deliberately and intentionally harming a young couple who got caught up the real estate collapse and had to downsize. Erik and Renee Sundquist made a down payment on a smaller home and borrowed the balance from Countrywide Home Loans. When they couldn’t make the payments on that loan, the couple was advised by Bank of America, which owned Countrywide, to default as a precondition for a loan modification in order to lower their payments.
Klein described what happened next in his ruling in Sundquist v. Bank of America as a series of events so fantastic and bizarre as to be nearly incomprehensible: