All Posts Tagged With: "bank of america"

Military members that are currently on active duty or entering such duty have received some good news on the financial front. Military members who have mortgages with Bank of America (NYSE: BAC) will have provisions of the 2003 Service Members Civil Relief Act extended in their favor. The provisions mean they can not be foreclosed [...]

Bank of America (NYSE: BAC) put together a party of investors and financial analysts this month with the intention of talking up better times again. However, the Federal Reserve was not part of the party plans. The executives of Bank of America were discussing an increase in dividends with the announcement that a ‘new era’ [...]

Bank of America (NYSE: BAC) is getting ready for the fallout after WikiLeaks claimed to have access to an executive’s hard drive. But just when the bank thought they had heard the worst, an independent source has claimed they have emails from Balboa Insurance, a division of the bank that was sold to Australia’s QBE [...]

In recent years, millions of homeowners have struggled to maintain their mortgage payments and avoid foreclosure. Combined, the economic and housing crisis has resulted in many of these homeowners either losing their home or facing years of financial strain. What made matters worse for many was the inability or unwillingness of lenders to try to [...]

Two of the largest mortgage holder in the country both Wells Fargo & Co (NYSE: WFC) and Bank of America Corp (NYSE: BAC) are expecting that they will be faced with fines or some type of enforcement action as a result of investigations into their procedures pertaining to foreclosures. Both Bank Of America and Wells [...]

Chief Executive Officer for Bank of America (NYSE: BAC)Brian Moynihan will be the recipient of a $9.05 million bonus after his first year leading the largest lender in the US. The bonus amount totals more than Bank of America has given to its investment banking head. The bonus for Moynihan was give as restricted stock [...]

When Bank of America (NYSE: BAC) bought Countrywide Mortgage in 2008, they likely expected some legal action but three years later lawsuits are still coming. This week three new suits were filed by the states of Michigan, Oregon, and California and each include investors that opted to not join in the $624 million class action [...]

Wells Fargo (NYSE: WFC) is not the biggest bank in the US but of late it has become the most valuable. Its stock market value makes it the largest US valued bank. The purchase of the Wachovia Corporation as part of its assets acquisitions during the credit crisis helped put the bank in such a [...]

After insisting their foreclosure paper work was in order, Wells Fargo (NYSE: WFC)has been caught out after discovering mistakes in its documents. This is not the first company to acknowledge foreclosure paperwork mistakes, Bank of America admitted to numerous foreclosure paperwork mistakes last week. Like other lenders, Wells Fargo failed to set systems in place [...]

Bank of America this week is finally admitting that they have made mistakes. This comes after the company began to look at foreclosure documents that were filed in 23 different states. Of the first hundred or so documents examined in the 102,000 documents they must look at, Bank of America found somewhere between 10 and [...]

Bank of America has announced that they have started providing grants to non –profit organizations. These organizations in turn take the money to help fund loans under the federal microloan program. To date, Bank of America says that they have issued 40 grants totaling $3.7 million. Bank of America has just begun giving out the [...]

According to data released recently by the government, Bank of America is standing out amongst the largest mortgage servicers for their unusually poor performance under the Obama administration’s Home Affordable Modification Program (HAMP). Eight of the largest mortgage servicers have offered an alternative mortgage modification to 44.5 percent of the homeowners that had canceled HAMP [...]

Bank of America (NYSE: BAC)has announced their participation in mortgage modifications since January 2008 has provided modifications to more than 680,000 homeowners, putting it in the lead over other lenders. This data includes the 79,859 modifications that were part of the Home Affordable Modification Program (HAMP) under the US government. The bank is said to [...]