Hackers Release BofA Emails; Company is Hiding Foreclosure Information

Hacker group known as "Anonymous" has released e-mails of former Bank of America employees where it links the bank with hiding foreclosure information from regulators. In the emails released it also involves Balboa Insurance employee rasing questions about removing from the record documents that were sent out in error. BofA bought Balboa Insurance as part of its 2008 Countrywide Financial Corp. acquisition. However, last month the bank agreed to sell the unit to Australia’s QBE Insurance Group. The group contends the emails prove the Bank of America affiliate purposely removed information from mortgage documentation. However, BofA has repeatedly claimed that the claims are untrue, and that the referred emails are just administrative in nature and are not foreclosure related. This recent disclosure comes as Bank of America still faces the potential leak of documents by WikiLeaks by Julian Assange, who said in November that he planned to release documents about a major bank, leading to speculation that Bank of America would be the target.