Google+
  • Ocwen8.13-0.10 -1.22%
  • Zillow100.61-0.67 -0.66%
  • Trulia+0 +0%
  • NationStar25.02-0.81 -3.14%
  • CoreLogic34.05+0.05 +0.15%
  • RE/MAX33.00+0.62 +1.91%
  • Fannie Mae2.44-0.03 -1.21%
  • Freddie Mac2.36-0.02 -0.84%
  • Wells Fargo54.12-0.38 -0.70%
  • CitiMortgage51.00-0.19 -0.37%
  • Bank of America15.31-0.11 -0.71%
  • Fidelity National Financial36.17+0.05 +0.14%
  • First American34.99+0.12 +0.34%
  • AUDUSD=X0.7751+0.0000 +0.0000%
  • USDJPY=X119.1350+0.0000 +0.0000%
  • WP Stock Ticker
Home | Tag Archives: Bank of America

Tag Archives: Bank of America

Bank of America Loses Bid to Have Chicago Predatory Lending Lawsuit Dismissed

gavel-two

Cook County says that the bank's alleged predatory lending practices resulted in a higher number of foreclosures, increased blight, and lower property taxes in urban Chicago. Bank of America was seeking to have the suit dismissed, claiming that the county lacked standing to sue and waited too long to initiate litigation. The bank also says the county did not prove that the bank violated the Fair Housing Act, according to reports.

Read More »

Fed Requests Changes in Bank of America’s Capital Plan

BankofAmerica

The Federal Reserve has instructed Bank of America to revise its capital plan by September 30 to address weaknesses in the bank's capital planning process, according a press release on Wednesday. Bank of America stated in a press release on Wednesday that the company's Board of Directors authorized a $4 billion common stock repurchase program and that the Fed had completed its 2015 Comprehensive Capital Analysis and Review and informed the Charlotte, North Carolina-based megabank that the Fed did not object to the bank's capital plan for the period of Q2 2015 through Q2 2016. Under that plan, the common stock dividend rate would be maintained at 5 cents per share per quarter.

Read More »

Bank of America Provides Nearly $9 Million in Consumer Relief Toward Settlement Obligation

BankofAmerica

Bank of America has begun the process of paying out $7 billion in consumer relief as part of its record $16.65 billion settlement with the U.S. Department of Justice and six states last August, according to an announcement on the settlement monitor's website. Professor Eric D. Green, independent monitor of the settlement, announced in his initial progress report since the settlement was reached six months ago that Bank of America had correctly claimed credit of approximately $8.94 million for 100 first-lien loan modifications meant to help make mortgages more affordable for struggling homeowners

Read More »

$4.5 Billion in Nonperforming Loans, Delinquent Debt to Hit the Market

money-steps

Three of the nation's largest mortgage lenders have put sizable packages of nonperforming and reperforming mortgage loans on the market for investors to buy, according to a release from New York-based loan broker Mission Capital Advisors. The loans being put on the market are worth a combined $4.5 billion, Mission Capital said. Bank of America has put up approximately $2.56 billion worth of delinquent debt for sale, including nonperforming loans, reperforming mortgages (those in which the borrower was 90 days or more behind but has resumed making payments), and home equity lines of credit (HELOCs), according to Mission Capital.

Read More »
Scroll To Top