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Owners Prefer Short Selling than Formidable Foreclosures

foreclosure.jpgHomeowners are quite disturbed with the Bank of America and GMAC’s decision to go with the foreclosures, in order to choke economy.read more

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Bank of America announces its decision to recommence foreclosure sales

Bank-Of-America.jpgAfter having announced a voluntary freeze on foreclosure sales in October, the Charlotte-based Bank of America recently announced its decision to recommence foreclosure sales;...

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Bank of America has banned WikiLeaks transaction

Bank-of-America.jpgBank of America Corp, which is assumed to be a target of WikiLeaks, became the last American company to ban any kind of transactions that are intended for WikiLeaks. This statement...

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BofA and Mozilo sued by Allstate

BOFA.jpgAllstate Corp has taken legal actions against Bank of America Corp, its Countrywide lending unit and seventeen other defendants for allegedly misrepresenting the risks on more than seven...

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Agreement of Bank of America may make ways for US lenders

Bank-America.jpgBank of America Corp agreeing for settling the demands brought in by Fannie Mae and Freddie Mac's that it purchases back billions of dollars in faulty loans may make the way for...

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Bank of America Extends Assistance to Breast Cancer Foundation

Breast-Cancer-Foundation-Ozarks.jpgBank of America has risen to extend a helping hand to the Breast Cancer Foundation of the Ozarks. The bank is reported to have extended a donation of over $7,500. The...

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Bank of America restores online banking system

In the times that we live, sometimes, we have situations that demand a lot more pro activeness and hence people have to be careful while dealing with various aspects in the banking sector. And keeping...

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Bank of America Chief received ten million dollars as salary

Bank-of-America.jpgIt was a difficult year for Bank of America, with the foreclosure mess and a receding stock price. But nevertheless, its chief executive, Brian T. Moynihan, received as much as ten...

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New Unit to Manage Faulty Paperwork Set up by the Bank of America

Bank-of-America.jpgAn announcement made by the Bank of America on Thursday has stated that it will be dividing its mortgage business into two parts. The latest decision has been taken to manage...

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20.3 Billion Dollars regulatory charge taken on Bank of America Card Unit

bank-of-america.jpgThe credit card subsidiary of the Bank of America Corp said on Monday that it was restating reports of eight quarters to the regulators because it had taken a $20.3 billion...

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UBS, Bank of America and Merrill Lynch to Advice on Sales of Iceland Foods

ubs.jpgNorthallerton-based mountaineer Alan Hinkes reached the top of the North Col of the world's highest peak, as part of the Iceland Everest Expedition 2011 last week. The Iceland store founder,...

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Stocks, US Futures Back Off on Bank Cuts

bank-of-america.jpgDecrease in Standard & Poor’s credit ratings for lenders from Bank of America Corp. to Goldman Sachs Group Inc. Copper and oil has made global equities fall (for the first time...

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New Bank Scheme for Helping Mortgage Payers

Bank-of-America.jpgA recent report claims that a new pilot program has been developed by the Bank of America. This shall be able to help those customers using the mortgage services that are on the...

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US Government Drags Bank of America into the Court over Mortgage Securities

Bank-of-America.jpgThe US government has arraigned Bank of America for fraud on $850m (£553m) of mortgage-backed securities. The Justice Department and the Securities and Exchange Commission filed two...

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Bank of America Agrees to Pay $39 Million to Settle Gender Bias Suit

Bank-of-America.jpgIt has been made public by court paper that Bank of America has agreed to pay $39 million to settle a gender biased lawsuit by female brokers. It was claimed by them that they were...

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Court Holds Bank of America Responsible for Fraud

Bank-of-America3.jpgOn Wednesday, BofA, or Bank of America, was found answerable by jury for a program named as "the Hustle".  Con has been realized, which has led to losses in millions to Freddie Mac...

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FHFA settlement costs Bank of America $9.3 billion

Bank-of-America.jpgIn the face of the global economic crisis that rocked the world a few years ago, Bank of America sold its mortgage-backed securities to Freddie Mac and Fannie Mae. Now, in order to...

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Settlement Negotiations of The Bank of America Face a Hitch

Bank-of-America.jpgThe story of the troubled past of the Bank of America continue with more chances of trouble to crop up in the future as even after months of negotiations there is no light of...

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Bank of America Could Pay Up to $17 Billion as Mortgage Settlement

Bank-of-America656.jpgOn Wednesday a person close to the matter said that the Bank of America will be paying out about $16 billion to $17 billion in a settlement to resolve an investigation related to...

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Bank of America to Settle Matters With Close to $17 Billon

Bank-of-America.jpgOn Wednesday a person who is familiar with the matter said that the Bank of America has settled to pay almost $17 billion to clear up allegations brought by federal and state that...

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