Hacker group Anonymous (aka OperationLeaks on Twitter) just released what they say is a trove of damning documents on Bank of America. 
 
 You can find them here: bankofamericasuck.com 
 
 Remember, at this point, we can't verify whether they are legitimate or not, but Gawker's Adrien Chen, who has sources within Anonymous, suggest there's something real to the leaks. 
 
 Anonymous says the emails deal with BofA's mortgage practices, but the source is not an employee of Bank of America proper -- the source is a former employee from Balboa Insurance, a firm which used to be owned by BofA. 
 
 Click here to see what Bank of America says about the emails > 
 
 As you will see below, we believe that the evidence that is supposed to be so damning is a series of emails showing that employees of Balboa asked for certain loan identifying numbers to be deleted, and they were. 
 
 Anonymous said late Sunday evening, however, "this is part 1 of the Emails." So perhaps more incriminating correspondence is to come. And to be honest, these messages could be incredibly damaging, but we're not mortgage specialists and don't know if this is or isn't common in the field. The beauty is, you can see and decide for yourself at bankofamericasuck.com. 
 
 But for those who want a simple explanation, here's a summary of the content. 
 
 The Source 
 
 The ex-Balboa employee tells Anonymous that what he/she sends will be enough to, 
 
 crack [BofA's] armor, and put a bad light on a $700 mil cash deal they need to pay back the government while ruining their already strained relationship with GMAC, one of their largest clients. Trust me... it'll piss them off plenty. 
 
 The source then sends over a paystub, an unemployment form, a letter from HR upon dismissal and his/her last paystub and an ID badge. 
 
 He/she also describes his/herself: 
 
 My name is (Anonymous). For the last 7 years, I worked in the Insurance/Mortgage industry for a company called Balboa Insurance. Many of you do not know who Balboa Insurance Group is, but if you’ve ever had a loan for an automobile, farm equipment, mobile home, or residential or commercial property, we knew you. In fact, we probably charged you money…a lot of money…for insurance you didn’t even need. 
 
 Balboa Insurance Group, and it’s largest competitor, the market leader Assurant, is in the business of insurance tracking and Force Placed Insurance... What this means is that when you sign your name on the dotted line for your loan, the lienholder has certain insurance requirements that must be met for the life of the lien. Your lender (including, amongst others, GMAC... IndyMac... HSBC... Wells Fargo/Wachovia... Bank of America) then outsources the tracking of your loan with them to a company like Balboa Insurance. 
 
 The Emails 
 
 Next comes the emails that are supposed to be so damaging. The set of emails just released shows conversational exchanges between Balboa employees. 
 
 The following codes pertain to the emails, so use as reference: 
 
 SOR = System of Record Rembrandt/Tracksource = Insurance tracking systems DTN = Document Tracking Number. A number assigned to all incoming/outgoing documents (letters, insurance documents, etc) 
 
 The first email asks for a group of GMAC DTN's to have their "images removed from Tracksource/Rembrandt." The relevant DTNs are included in the email -- there's between 50-100 of them. 
 
 In reply, a Balboa employee says that the DTN's cannot be removed from the Rembrandt, but that the loan numbers can be removed so "the documents will not show as matched to those loans." But she adds that she needs upper management approval before she moves forward, since it's an unusual request. 
 
 Then it gets approved. And then, one of the Balboa employees voices their concern. He says, 
 
 "I'm just a little concerned about the impact this has on the department and the company. Why are we removing all record of this error? We have told Denise Cahen, and there is always going to be the paper trail when one of these sent documents come back. this to me seems to be a huge red flag for the auditors... when the auditor sees the erroneous letter but no SOR trail or scanned doc on the corrected letter... What am I missing? This just doesn't seem right to me. 
 
 We suspect this is the type of email that Anonymous believes shows BofA fraud: 
 
 Click here to see why these emails prove nothing interesting, and to see what what Bank of America says about the emails > 
 
 Wikileaks, Anonymous and Bank of America 
 
 Up until now, everyone assumed that whatever secret document drop, dropped on BofA, would come from Wikileaks. But that threat seems to have fizzled, at least temporarily. 
 
 This hacker group, which is unconnected but sympathetic to Wikileaks, want to expose "corruption and fraud" at BofA with its document drop, and says emails from this former employee of the bank will prove mortgage fraud. 
 
 OperationLeaks has been teasing followers for days now with tweets that it received documents about BofA from a disgruntled employee, like this one: 
 
 He Just told me he have GMAC emails showing BoA order to mix loan numbers to not match it's Documents.. to foreclose on Americans.. Shame 
 
 Then on Sunday, Anonymous said, in a series of tweets: 
 
 I Got a email from a person claiming he worked at BoA and was demoted then fired after telling a SVP he seen something wrong in the system. 
 
 GO Anonymous hackers site > 
 
 Get the latest Bank of America stock price here. ||||| By Joe Rauch 
 
 CHARLOTTE, North Carolina (Reuters) - Anonymous, a hacker group sympathetic to WikiLeaks, released on Monday emails that it obtained from someone who said he is a former Bank of America Corp employee. 
 
 In the emails dating from November 2010, people that appear to be employees of a Balboa Insurance, a Bank of America insurance unit, discuss removing documents from loan files for a group of insured properties. 
 
 Neither the emails nor correspondence released by Anonymous indicate the reason behind the electronic record keeping discussion. 
 
 A representative of Anonymous told Reuters on Sunday the documents relate to the issue of whether Bank of America has improperly foreclosed on homes. The representative added that he had not seen the documents, but he has been briefed on their contents. 
 
 Consumer groups have accused major U.S. lenders of foreclosing on many homes without having proper documentation in place. 
 
 A BofA spokesman said on Sunday the documents were clerical and administrative documents stolen by a former Balboa Insurance employee, and were not related to foreclosures. 
 
 "We are confident that his extravagant assertions are untrue," the spokesman said. ||||| The Official Bank of America consumer opinion site. 
 
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 09-24-2016, 05:17 AM 
 
 by 09-24-2016, 05:17 AMby chenhaoxuan06
– A trove of leaked documents apparently reveals that Bank of America may have been involved in a scheme to bilk homeowners—a claim the bank rigorously denies. Hacker group Anonymous, which leaked the documents, says that more damning information is on the way, reports Business Insider. The emails, which allegedly come from an ex-employee of BoA subsidiary Balboa Insurance, apparently show the bank, insurance providers, and mortgage brokers all knew of a scheme to cancel people's insurance agreements, forcing homeowners to buy much more expensive mortgage insurance far above normal requirements. Often, this would also lead to home foreclosures. Anonymous put BoA in its crosshairs last December after the bank cut off contributor payments to WikiLeaks. The hacker group has created bankofamericasucks.com,and promises to post more damning leaks. Bank of America, however, called the leaked materials non-foreclosure related clerical and administrative documents, telling Reuters: "We are confident that his extravagant assertions are untrue."