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B of A

Bank of America CEO Lewis Issues Statement Regarding President Obama’s Speech

by Moe Bedard

CHARLOTTE, N.C., Sept. 15 /PRNewswire/ — Bank of America Chief Executive Officer Ken Lewis issued the following comments regarding President Barack Obama’s September 14 speech regarding financial regulatory reform.

“A year ago this week, the U.S. economy was on the brink of disaster. Large and important financial institutions were failing, as was confidence in our financial [...]

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FBI arrests police officer, alleges mortgage fraud

by Moe Bedard

Looks like the FBI doesn’t mess around when it comes to sworn officers of the law and lying on mortgage applications (see story below).  I understand it is breaking the law, but I think that if everyone was actually arrested for doing this, then we would have millions of people going to prison.
I have personally reviewed [...]

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Bank of America Buys Countrywide for $4 Billion

by Moe Bedard

This is huge news and it looks like Countrywide borrowers will now be dealing with Bank of America. I will get all the details I can on how this will affect Countrywide borrowers that are in the loan workout and loan modification process.
You need to know ASAP how this will affect you and what B [...]

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Is Countrywide Planning to be The Largest Real Estate Company in America?

by Moe Bedard

Countrywide is sending mortgage consultants to hold open their foreclosed houses. So now they will capture loans. Multiply that by thousands and thousands of homes and now you have a real estate company to compliment your lending division.
Countrywide Real Estate & Loans? Heck, you might as well open an escrow company also and hire out [...]

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