Tag Archives: Bank of America

Under the terms of its 2014 RMBS settlement, Bank of America is continuing to provide relief to consumers in the areas most affected by the foreclosure crisis.

Bank of America's $1.27 billion penalty in the "Hustle" case has been overturned. Why does the former Countrywide exec who blew the whistle get to keep the reward money?

Bank of America has been fighting for nearly two years to reverse a $1.27 billion penalty over Countrywide's "Hustle" mortgage program. Why did an appellate court reverse that penalty on Monday?

When it comes to taking out a mortgage loan, more than half of all first-time homebuyers want to work with a company they consider trustworthy.

First-time buyers are often faced with several barriers to homeownership including student loans, down payment savings, and balancing multiple financial priorities, but they ultimately express a desire to own a home.

Bank of America announced this week that it has settled mortgage-related complaints with a Federal Home Loan Bank, the bank stated in a filing with the Securities and Exchange Commission.

It was a tough first quarter for Bank of America, as the bank experienced a year-over-year decline of 13 percent in net income.

Bank of America’s first-ever look at homebuying trends has found that more buyers want a home more than they want an investment in property.

With the release of the company’s Q1 2016 earnings statement right around the corner, Bank of America CEO Brian Moynihan said in his letter to shareholders in the 2015 Annual Report that the bank is “no longer clouded over by heavy mortgage and crisis-related litigation and operating costs.”

Bank of America's Affordable Loan Solution program provides an alternative for low-income borrower but despite being an innovative solution to market demand, industry analysts feel it does not provide enough competition to substitute the FHA completely.