The Treasury Department singled out the three largest banks — Bank of America Corp., JPMorgan Chase & Co. and Wells Fargo & Co. — for failing to properly solicit and consider homeowners for the government's loan modification program.

All three companies were directed to change their processes and to reevaluate borrowers who were not offered mods, the Treasury said in its monthly scorecard for the Home Affordable Modification Program (HAMP).

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