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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 of america news
Buy Bank of America, Buy a Lawsuit
(Source: Seeking Alpha) – I normally go with the flow, but when it comes to the money center banks like Bank of America (BAC), I’m going to take a very contrarian view. Money center banks are wildly popular with both [...]
BofA in Talks to Sell Big China Bank Stake
HONG KONG/DUBAI, Aug 10 (Source: Reuters By Denny Thomas and Dinesh Nair) – Bank of America Corp (BAC.N) has held exploratory talks with the principal investment funds of Kuwait and Qatar about selling part of its stake in China Construction [...]
Moynihan Tells Staff That BofA on Right Path
NEW YORK, Aug 9 (Source: Reuters By Joseph A. Giannone) – With Bank of America Corp (BAC.N) stock in freefall, Chief Executive Brian Moynihan moved to reassure employees the beleaguered bank was on the right path and could weather the [...]
Bank of America is Back in an Abyss
(Source: New York Times By ANTONY CURRIE and ROBERT COLE) – Bank of America is leading banks back into the mortgage abyss. The nation’s largest financial institution by assets shed over $16 billion of market value on Monday as its [...]
Raping US Taxpayers to Bailout Banks Continues
(Source: Howe Street by Mike ‘Mish’ Shedlock) – The Congressional unlimited bankroll guarantee of Fannie Mae at the insistence of the Fed has just cost US taxpayers another huge chunk of money.
State Files Suit Against Bank of America Unit in Foreclosure Mess
Aug. 06 (Source: By Christine Harvey, The Seattle Times) – Washington state has taken on a subsidiary of Bank of America, charging it with illegally foreclosing on thousands of homeowners in the last three years.
Bank of America’s Stock Value Falls 20%
(Source: By Alana Semuels, Los Angeles Times) – Bank of America Corp. lost a fifth of its stock value in a general market rout amid heightened concerns about its ability to get ahead of the bad mortgages it holds, as [...]
U.S. Banks Get More Cash Than They Want
(Source: USA Today By Bloomberg News) – The European debt crisis is poised to flood U.S. banks with something they don’t want and can’t use: more money.
AIG Sues BofA for $10 Billion Alleging “Massive Fraud”
(Source: Reuters By Jonathan Stempel) – The insurer AIG is suing Bank of America Corp to recover more than $10 billion of losses from a “massive fraud” on mortgage debt, deepening the morass of litigation faced by the largest U.S. [...]
Bank of America Pursues Protection From Lawsuits
(Source: The Washington Post By Cezary Podkul) – Bank of America is pursuing a settlement with state and federal officials that would shield the company from lawsuits over its mortgage practices in exchange for reducing the amount that struggling homeowners [...]
Bank of America Pursues Protection From Lawsuits
(Source: The Washington Post By Cezary Podkul) – Bank of America is pursuing a settlement with state and federal officials that would shield the company from lawsuits over its mortgage practices in exchange for reducing the amount that struggling homeowners [...]
BofA, Goldman Sachs Find State Mortgage-Securities Cases Hard to Shake
(Source: Bloomberg By Karen Gullo) – Investors suing Bank of America Corp. (BAC) and more than a dozen other underwriters to force the buyback of $6.7 billion in downgraded mortgage securities have defeated efforts by the banks in pretrial skirmishes [...]
Bringing The Big Banks to Justice, One Mortgage At a Time
FORTUNE (Source: CNNMoney By Abigail Field) – Investors in mortgage-backed securities who got cleaned out during the housing bust aren’t going to take their losses lying down. The first act of investor revolt was organized by Kathy Patrick, a little-known [...]
CEO Brian Moynihan Says Bank of America Is Turning The Corner On Its Countrywide Woes
(Source: By E. Scott Reckard, Los Angeles Times) – Bank of America Corp.’s chief executive is out to convince Wall Street that he’s finally bringing under control the financial disaster caused by the bank’s acquisition of mortgage goliath Countrywide Financial [...]
Banks Seeing Profits, Dodd-Frank Under Fire, AmEx and Facebook Partnership
(Source: Forbes) – Default rates fell again in June and credit card companies are getting a boost to their bottom line. Bank of America, Chase and Discover showed significant improvement in defaults. Cardholders are also using their credit cards more. [...]
Bad Mortgages Still Haunt Bank of America
(Source: BusinessWeek By Hugh Son) – Under Chief Executive Officer Brian T. Moynihan, Bank of America (BAC) is spending billions of dollars to deal with the aftermath of the housing bust, reaching settlements with mortgage bond investors and insurers and [...]
Mortgage Investors May Be Owed Three Times More in BofA Deal
(Source: By David McLaughlin and Jody Shenn) – Investors in Countrywide Financial Corp. mortgage bonds may be owed three times or more of what they’re being offered in an $8.5 billion settlement with Bank of America Corp. (BAC), a group [...]
US Banks: What a Lousy Investment
(Source: IFR Keith Mullin) – Goldman Sachs and Bank of America, which both reported Q2 numbers yesterday, have, along with the rest of the industry, taken a beating in the stock market this year. GS’s earnings clearly weren’t what the [...]
U.S. Banks Project Lower Debit Card Fee Losses
(Source: Reuters By Joe Rauch) – Two of the largest U.S. consumer banks said on Tuesday they expect new limits on debit card fees to have less of an impact than originally projected, after regulators softened the rules.
Weak Recovery Weighs on Bank of America and Wells Fargo
(Source: DealB%%k By ERIC DASH) – Even as the big banks stanch their losses, they are reckoning with an unfortunate reality: the anemic recovery is hurting their results.
Bank of America Posts 2Q Net Loss of $8.8B, Hit by Mortgage Troubles
CHARLOTTE, NC (Source: New York Post) – Bank of America reported Tuesday a second-quarter net loss of $8.8 billion, or 90 cents a share, against a year-earlier profit of $3.1 billion, or 27 cents a share.
BofA Mortgage Settlements Magnify Capital Strain as $50 Billion Gap Looms
(Source: Bloomberg By Hugh Son) – Bank of America Corp. (BAC) may have to build its capital cushion by $50 billion and renege again on Chief Executive Officer Brian T. Moynihan’s pledge to raise the firm’s dividend as mortgage losses [...]
Scorned Bank of America Tries to Change Its Image
(Source: North Jersey News BY RICHARD NEWMAN) – Luis Morales, owner of Andre’s Wine and Spirits in Leonia, opened a business checking account at the Bank of America branch across the street from the shop when he acquired the business [...]
Bank of America Pays $8.5 Billion Mortgage Settlement
(Source: yourdailynewsfix) – Bank of America has agreed to pay $8.5 billion to resolve claims that the financial and insurance company sold mortgage-backed securities that are of low-quality before the collapse of the housing market.
JPMorgan Posts $5.4 Billion Profit, Beating Estimates
(Source: DealB%%k New ork Times By ERIC DASH) – Although banks have been cranking out big profits for several consecutive quarters as the spill of red ink from bad loans slowed, they have had little to show when it comes [...]
Home Loan Banks Seek Voice in Bank of America Mortgage Settlement
NEW YORK (Source: Boston Globe) – Six federal home loan banks are seeking to join a case in which a judge will decide whether to approve an $8.5 billion settlement by Bank of America Corp. with Bank of New York [...]
Bank of America Calls Attention to the Good Things it Does
(Source: North Jersey BY RICHARD NEWMAN) – Bank of America, which has been a lightning rod for criticism and lawsuits amid the nation’s worst-ever home foreclosure crisis, wants to call attention to itself — for a good reason. The country’s [...]
Three Favorite Big U.S. Banks
(Source: Barrons) – There has been a confluence of issues surrounding the largest mortgage players over the last few weeks.
MBIA to Drop Mortgage Suit Against Bank of America
NEW YORK (Source: The Wall Street Journal BY DAVID BENOIT) — MBIA Inc. agreed to drop a lawsuit against Bank of America Corp. and Merrill Lynch over $5.7 billion in credit default protection the bond insurer underwrote for the bank’s [...]
JPMorgan, BofA Said to Near Foreclosure Deal
(Source: Bloomberg By Dawn Kopecki) – Bank of America Corp. (BAC), JPMorgan Chase & Co. (JPM) and three other U.S. mortgage servicers are in advanced talks to resolve state and federal claims over faulty foreclosures, according to two people briefed [...]
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