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- A year later after my Strategic Default - some eye-opening surprises..Forum: Deed in Lieu of Foreclosure - Do You Need Help to Walk Away? Posted By: Hanover Post Time: 05-16-2012 at 11:01 AM […]
- B of A Survey? Anyone else get one?Forum: Bank of America Home Loans Posted By: skoobywrx Post Time: 05-16-2012 at 10:01 AM […]
- Bank of America is a joke!!!!Forum: Bank of America Home Loans Posted By: mayela Post Time: 05-16-2012 at 09:59 AM […]
- On Chase Repayment Plan - Filed Chapter 7 - help please!Forum: Chase Mortgage - Tell Us Your Chase Story Posted By: chased in seattle Post Time: 05-16-2012 at 07:28 AM […]
- Will A Line of Credit Foreclose??Forum: US Bank Home Mortgage Posted By: tazzaro Post Time: 05-16-2012 at 12:35 AM […]
- Need advice and directionForum: Wells Fargo Home Mortgage Posted By: menmn Post Time: 05-15-2012 at 09:49 PM […]
- Are we just out of 8 months worth of payments.. they suddenly stopped accepting payments.Forum: Bank of America Home Loans Posted By: FrustratedInSoCali Post Time: 05-15-2012 at 09:35 PM […]
- Done with Citi - Loan Mod process a jokeForum: Citi Mortgage Posted By: done with citi Post Time: 05-15-2012 at 09:01 PM […]
- need advice regarding my fannie mae mod please!Forum: Loan Modification Posted By: trixi Post Time: 05-15-2012 at 08:44 PM […]
- foreclosure refForum: US Bank Home Mortgage Posted By: squiz Post Time: 05-15-2012 at 08:10 PM […]
Bank News, Banking
BofA Shares Soar After Buffett Invests $5 Billion
(Source: Salon) – Warren Buffett’s Berkshire Hathaway is investing $5 billion in Bank of America, sending its shares soaring by 24 percent.
U.S. Sharpens Mortgage Suit Against Deutsche Bank
WASHINGTON (Source: The Wall Street Journal BY JESSICA HOLZER) — The Justice Department moved to bolster its accusations that Deutsche Bank AG officials knowingly lied about the quality of mortgages made by a unit of the bank that were guaranteed [...]
Doubts Drag Down Bank of America’s Stock
(Source: By E. Scott Reckard, Los Angeles Times) – Bank of America Corp. is facing a crisis of confidence on Wall Street as investors sent the stock tumbling to levels not seen since the financial crisis and the cost of [...]
Who Got What From Fed Bailout
(Source: Chron) – As the culmination of almost two years of legal wrangling, which included a U.S. Supreme Court decision and a special provision of the Dodd-Frank reform law, Bloomberg News is sifting through the Federal Reserve’s unprecedented lending program [...]
Fed Secretly Loaned $1.2 Trillion to Biggest Banks
(Source: sfexaminer) – WHAT: A persistent Freedom of Information drive uncovered the long-hidden news that the Federal Reserve lent banks $1.2 trillion to stop the economy from collapsing in 2008.
U.S. Banks Facing Main Street Squeeze
(Source: Bloomberg By Christine Harper) – Two U.S. Treasury secretaries and Federal Reserve Chairman Ben S. Bernanke provided capital and cheap loans to banks during the last three years to help fuel an economic revival. It hasn’t worked out.
In Fed’s Move on Capital One Deal, a Test of Dodd-Frank
(Source: Dealb%%k By STEVEN M. DAVIDOFF) – Capital One is the latest bank accused of being “too big to fail.”
Bank of America Names Top Real Estate Banker
(Source: New York Times DealB%%k) – Bank of America-Merrill Lynch has named Jeff Horowitz global head of real estate, gaming and lodging, replacing Ron Sturzenegger, according to an internal memo obtained by DealBook.
Where Are The World’s Safest Banks?
(Source: Forbes) – For those looking for safe banks to park their cash in these turbulent times or for bargains in the bloodbath of banking stocks, here is a simple quiz: Most of the world’s safest banks are: (a) in [...]
Bank Layoffs Continue Unabated: UBS to Cut 3,500 Jobs
(Source: IB Times) – Swiss bank group UBS AG said it will eliminate 3,500 jobs around the world over the next two-and-a-half years as part of its efforts to reduce its cost structure.
Bank of America Shares Fall Amid Up Market
(Source: Bloomberg BusinessWeek) – Shares of Bank of America Corp. tumbled Monday even as the broader market rose on worries about the impact of market volatility on banks.
It’s a Flawed Settlement
(Source: The New York Times) – The Obama administration has turned up the heat on Eric Schneiderman, New York’s attorney general, to go along with a proposed settlement with the nation’s largest banks over dubious foreclosure practices. Mr. Schneiderman should [...]
Bank Of America’s No-Good, Very Bad Enablers
(Source: Forbes Halah Touryalai) – What’s the worse than Bank of America acting as if it deserves immunity from all its bad foreclosure behavior? A presidential administration that agrees.
Consumers Squeezed Less at Credit Unions
NEW YORK (Source: MainStreet By Matt Brownell) — The Great Recession hasn’t made things easy for bank customers. Across the street at the credit union, it’s a bit more comfortable.
There Was A Legitimate Run On Morgan Stanley During The Crisis
(Source: Business Insider Courtney Comstock) – One reason why Morgan Stanley borrowed more than any other bank during the crisis, $107 billion, is that there was a run on its prime brokerage.
Foreclosure Talks Snag on Bank Liability
(Source: Wall Street Journal BY RUTH SIMON, VANESSA O’CONNELL AND NICK TIMIRAOS) – Efforts to reach a settlement that would end the long-running probe of foreclosure practices are snagged over whether banks will get broad legal immunity from state officials [...]
Debit Card Fees Could Signal Trend
(Source: AJC By J. Scott) – Trubey Not happy about bank fees? Better get used to it.
Are Big Banks In Trouble? Three ETFs To Watch
(Source: Business Insider) – The past few weeks have seen violent behavior in equity indexes as a slew of negative news and data led to some of the most volatile trading days since the 2008 crash. The problems largely began [...]
JP Morgan Joins the GDP Downgrade Party
(Source: The Wall Street Journal By Peter Nurse) – JP Morgan joined the increasing band of big banks to downgrade its expectations for U.S. growth in the coming quarters.
More Banks Testing Debit Card Fees
(Source: MSN Money By Karen Datko) – Don’t you hate it when a business raises prices or tacks on a fee without offering anything new or improved in return? (Think the airlines. Also Netflix: That didn’t go over well.)
Bank of America in Talks With Blackstone Over Merrill Real Estate
(Source: Dealb%%k By MICHAEL J. DE LA MERCED and BEN PROTESS) – Bank of America is in talks to sell a major portion of Merrill Lynch’s real estate portfolio to the Blackstone Group for up to $1 billion, a person [...]
SEC Destroys Evidence Against Banks And Hedge Funds, Whistleblower Alleges
(Source: Forbes Halah Touryalai) – In a heavy dose of irony for the Securities and Exchange Commission, which launched a new whistleblower program this week, one of its own lawyers is calling foul on the agency for allegedly destroying thousands [...]
Would You Pay to Use Your Debit Card?
(Source: Time MoneyLand By Martha C. White) – Banks have been scrambling to find ways to boost their revenue after the government stepped in to quash overdraft abuses and cap interchange fees. Free checking accounts have already become harder to [...]
US Banks Begin Charging Monthly Debit-Card Fees
NEW YORK (Source: Wall Street Journal)–Wells Fargo & Co. (WFC) is joining a growing number of banks that are introducing or testing a monthly fee for debit cards, casting around for revenue lost to debit-card regulatory restrictions.
Fed Eyes European Banks
(Source: The Wall Street Journal By DAVID ENRICH And CARRICK MOLLENKAMP) – Federal and state regulators, signaling their growing worry that Europe’s debt crisis could spill into the U.S. banking system, are intensifying their scrutiny of the U.S. arms of [...]
Bank Plays TARP Catch-Up
(Source: The Wall Street Journal By MATTHIAS RIEKER And DAVID BENOIT) – NEW YORK—Seacoast Banking Corp. of Florida has finally begun paying a dividend to the U.S. government for the $50 million in aid it received in 2008.
2 Central Ark. Banks Announce Consolidation Plan
(Source: Bloomberg Businessweek) – Two central Arkansas banks owned by the same holding company plan to consolidate their operations, officials announced Wednesday.
Bank Of America Scores A Victory
(Source: Forbes Nathan Vardi) – Bank of America has been besieged by mortgage-backed securities lawsuits, spooking investors who fear the bank’s liability from its Countrywide Financial unit will continue to balloon and overwhelm the bank. The day American International Group [...]
BofA Weighs Foreclosure Deal
(Source: Reuters) – Bank of America Corp may settle a state and federal probe of foreclosure practices in a deal that lets New York proceed with an inquiry into securitizations, Bloomberg reported citing two people with direct knowledge of the [...]
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