BofA Obstructed U.S. Review

The Federal Housing Administration has said that Bank of America Corp. BAC has "significantly hindered" a federal review of its foreclosures on loans. According to the U.S. Department of Housing and Urban Development inspector general's office, the Charlotte-based bank was slow in providing information, and at times, provided incomplete information. "Our review was significantly hindered by Bank of America's reluctance to allow us to interview employees or provide data and information in a timely manner," William Nixon, an assistant regional inspector general for the agency, said in a court filing. Shares of Bank of America gained 17 cents yesterday to close at $10.97, a gain of 1.57%.