Some investors accuse Bank of America (BAC) of keeping mortgages on its books longer to collect...

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

Some investors accuse Bank of America (BAC) of keeping mortgages on its books longer to collect fees instead of proceeding with foreclosures. BofA says it has no incentive to do that: “Isn’t it better to modify the loan and keep people in their homes rather than foreclosing?” If you believe that, James Kwak asks, "then why do you have the second-lowest modification rate" in the industry?