JPMorgan (JPM) and Bank of America (BAC) are given a rap across the knuckles by Treasury and...

|About: Bank of America Corporation (BAC)|By:, SA News Editor

JPMorgan (JPM) and Bank of America (BAC) are given a rap across the knuckles by Treasury and told to improve their mortgage modification efforts if they wish to continue to be part of the HAMP program. JPMorgan has been especially bad and risks being permanently booted if it doesn't make "substantial improvement."