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- NACA - I Am Really Concerned about the Conselor I Had!! I Need Help- Auction is 6-14Forum: NACA Posted By: christyhaz Post Time: 05-24-2012 at 07:12 PM […]
- New Home Sales Increase Over 3% in AprilForum: Real Estate & Property Investing Posted By: Evan Bedard Post Time: 05-24-2012 at 06:11 PM […]
- Negotiating with a 1st who has already shown their hand?Forum: Chase Mortgage - Tell Us Your Chase Story Posted By: walkin Post Time: 05-24-2012 at 05:00 PM […]
- New to all of thisForum: Wells Fargo Home Mortgage Posted By: janie Post Time: 05-24-2012 at 03:18 PM […]
- New here... hardship letter helpForum: Loan Modification Posted By: PAoptimist Post Time: 05-24-2012 at 03:12 PM […]
- Home Values in Regional Markets Have Yet to BottomForum: Real Estate & Property Investing Posted By: Evan Bedard Post Time: 05-24-2012 at 02:43 PM […]
- HARP refinancing with LPMI in OregonForum: HARP Mortgage Loan Program Posted By: SODogLover Post Time: 05-24-2012 at 02:32 PM […]
- Results of Wells Fargo Foreclosure MediationForum: Wells Fargo Home Mortgage Posted By: cosmojinx Post Time: 05-24-2012 at 01:22 PM […]
- Steamline Refinance, Verification of EmploymentForum: FHA Loans, Requirements & Rates Posted By: twojp Post Time: 05-24-2012 at 10:30 AM […]
- Secured loan against paid off house... good credit, income under the tableForum: Home Equity Loan Posted By: entrepreneurguy Post Time: 05-24-2012 at 09:38 AM […]
bank of america news
Bank of America Settlement Should Be Voided, Nevada Says
(Source: Bloomberg By Sophia Pearson) – Nevada asked a U.S. judge to terminate a settlement with Bank of America Corp. (BAC) over home-loan modifications tied to its Countrywide mortgage unit, saying the company hasn’t complied with terms of the accord.
BofA to Sell or Close Another Mortgage ARM, Putting Jobs at Risk
(Source: LA Times) – Bank of America Corp. has put another giant piece of the Countrywide mortgage empire on the auction block — the correspondent lending arm, which buys closed home loans from mortgage bankers, commercial banks and other loan [...]
Pawnshops Over Bank Of America
(Source: Seeking Alpha) – The troubles at the banks like Citigroup (C) and Bank of America (BAC) are no secret. Their performance over the last 1, 3, 5, and 10 years has been miserable. You will not find very many [...]
Bank of America Slashes Mortgage Business
NEW YORK (Source: TheStreet By Philip van Doorn) – For Bank of America (BAC), exiting the correspondent mortgage business is a major, painful move to shrink its balance, boost capital ratios and shore-up control of its mortgage credit quality.
Bank of America Kept AIG Legal Threat Under Wraps
(Source: Reuters By Lauren Tara LaCapra) – Top Bank of America Corp lawyers knew as early as January that American International Group Inc was prepared to sue the bank for more than $10 billion, seven months before the lawsuit was [...]
FDIC Objects to BofA $8.5B Mortgage-Bond Deal
(Source: By David McLaughlin and Dakin Campbell) – The Federal Deposit Insurance Corp. filed an objection to Bank of America Corp. (BAC)’s proposed $8.5 billion mortgage-bond settlement with investors, joining investors and states that are challenging the agreement.
Is Bank of America Doomed?
(Source: The Atlantic) – While most big U.S. banks appear to have recovered fairly well from the financial crisis, Bank of America continues to struggle. Its instability stems in large part from its acquisition of mortgage giant Countrywide in 2008. [...]
Bank of America Event Offers Help to Customers at Risk of Foreclosure
(Source: By Sarah Portlock / The Star-Ledger) – Don and Peggy Roeske have been trying to get some help with their Bank of America mortgage for more than three years. Five years ago, they refinanced and, a year later, they [...]
Buffett BofA Buy No Seal of Approval
(Source: Politico By JONATHAN MACEY) – The lead news story across America on Friday was Warren Buffett’s $5-billion investment in Bank of America. Bank of America’s value has been plummeting on concerns about its ability to raise the necessary capital [...]
Faced With Foreclosure – for Paying Her Mortgage Early
(Source: The Boston Globe by Scott Van Voorhis) – Can the nation’s big banks get any more incompetent in how they handle individual foreclosures?
Has Warren Buffett Just Called the Bank Bottom?
NEW YORK (Source: CNNMoney By Paul R. La Monica) — Bank of America CEO Brian Moynihan has a new BFF. His name is Warren Buffett. Heard of him?
Multi-Party Suit Filed By Homeowners Against Bank of America Et Al
Roseville, California (Source: San Francisco Chronicle) – On Wednesday August 17, 2011, United Foreclosure Attorney Network (UFAN) filed suit in Superior Court in Sacramento, CA (case number 34-2011-00109314) on behalf of over 100 homeowners against Bank of America and others [...]
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.
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 [...]
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.
Judge Allows Intervention in BofA $8.5 Billion Pact
NEW YORK (Source: Reuters) – A New York state judge granted the request of dozens of investors including pension funds, insurers and several Federal Home Loan Banks to intervene in Bank of America Corp’s proposed $8.5 billion settlement with investors [...]
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.
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.
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 [...]
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 [...]
BofA Gets Boost as Countrywide Cases are Combined
NEW YORK (Source: Reuters) – Bank of America Corp <BAC.N> won what could prove a legal victory as eight mortgage securities lawsuits against its Countrywide unit were combined into a single case before a federal judge who has ruled favorably [...]
Nevada Joins States Balking at Bank Releases in Foreclosure Practices Deal
(Source: Bloomberg By David McLaughlin) – A possible settlement of a 50-state probe of foreclosure practices drew more state scrutiny as Nevada’s attorney general joined three other states in voicing concern about a deal that protects banks from continuing mortgage [...]
Paulson, Soros Pared Financial Stocks Last Quarter Before Losses
Aug. 16 (Source: Bloomberg) – Hedge funds run by John Paulson, George Soros and Steve Mandel cut back on bank shares in the second quarter, before Citigroup Inc. and Bank of America Corp. lost more than one-fifth of their value.
B of A Settles With HUD, Hosts Modification Seminar
(Source: San Diego Reader By Dave Rice) – Last week Bank of America, one of America’s largest home loan servicers after its acquisition of Countrywide Financial in 2008, entered into a settlement agreement with the federal Department of Housing and [...]
Brian Moynihan’s Credibility Crunch at Bank of America
(Source: Bloomberg Businessweek By Hugh Son) – Bank of America (BAC) Chief Executive Officer Brian Moynihan may wish he had stuck to his November vow to fend off mortgage-refund demands with “hand-to-hand combat.” Since January, he has forged a series [...]
Worrying About Big Banks’ Afterlives; GOP Intransigence on Taxes
(Source: Bloomberg BusinessWeek) – Bank of America (BAC) and Citigroup (C) stood out for all the wrong reasons in the Aug. 8 market decline. Shares of the two banks—both are among the roughly 40 U.S. institutions considered too big to [...]
BofA to Meet with Distressed San Diego Clients
(Source: Sign on San Diego by Lily Leung) – Bank of America officials are promising face-to-face time this week to San Diego homeowners who are behind on their mortgage payments.
Bank of America CEO Says He Regrets Countrywide
NEW YORK/CHARLOTTE (Source: Reuters Ben Berkowitz and Joe Rauch) – Bank of America Corp Chief Executive Brian Moynihan said on Wednesday he often regrets the bank’s 2008 purchase of mortgage lender Countrywide, but the loan losses from that deal will [...]
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