Florida's Broward County Officials Take a Stand Against BofA

Broward County protests Bank of America's poor track record helping homeowners.
Broward County protests Bank of America's poor track record helping homeowners.

As Florida continues to reel from foreclosures, some officials have had enough. Of Bank of America, that is.

Last week, Broward County's Board of Commissioners barred the bank from participating as one of five co-managers in an upcoming municipal bond sale. The bond will raise $208 million to pay for the replacement of a section of the county courthouse in downtown Fort Lauderdale.

Why keep out brawny BofA?

The county commission wanted to send a message: Bank of America, they believe, is not playing nice with struggling homeowners who desperately need mortgage loan modifications.