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The Guardian: Anonymous hackers release Bank of America emails


Emails obtained by someone claiming to be former bank employee appear to show improper sub-prime lending practices

March 14, 2011- The hacker group Anonymous has released a cache of emails obtained from someone said to be a former Bank of America employee.

The group alleges that the emails, dating from November 2010, detail improper lending practices at the bank, an allegation the bank denies. The leak comes as consumer groups have accused major US lenders of foreclosing on many homes without having proper documentation in place.

The emails detail correspondence between employees of Balboa Insurance, a Bank of America insurance unit, in which they appear to be discussing the removal of details from documents in loan files.

The bank acquired Balboa when it bought Countrywide Financial in 2008. Countrywide was the US's largest seller of sub-prime home loans. Last month Bank of America announced plans to sell Balboa.

The emails detail one loan related to GMAC, one of the largest mortgage lenders in the US.

"The following GMAC DTN's need to have the images removed from Tracksource/Rembrandt," an operations team manager at Balboa wrote. DTN refers to document tracking number, and Tracksource/Rembrandt is an insurance tracking system.

In reply, the Balboa employee wrote: "I have spoken to my developer and she stated that we cannot remove the DTNs from Rembrandt, but she can remove the loan numbers, so the documents will not show as matched to those loans."

According to the emails, approval was given to remove the loan numbers from the documents.

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