Bank of America agreed to pay $335 million to resolve allegations that its Countrywide unit engaged in a widespread pattern of discrimination against qualified African-American and Hispanic borrowers on home loans.
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Strict new mortgage rules will make it harder for thousands to free up cash from their homes
Strict tests will ensure that only homeowners who can really afford such schemes can take out equity, which have been a popular way for many to raise extra funds.
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Home loans for repairs
8th december 2011 The White Rose Credit union is providing interest-free home loans for vulnerable people around the district. The loans pay for essential repairs and disabled adaptations.
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Confident landlords gearing up
Professional landlords are showing signs of confidence by taking equity out of unmortgaged properties they own to expand and gear up investment potfolios.
Banks cutting principal on some mortgages: NYT
NEW YORK – Bank of America Corp and JPMorgan Chase & Co have started modifying tens of thousands of mortgages where the banks deem the loans especially risky, even if the borrowers have not asked, the New York Times reported on Sunday.
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Banks cutting principal on some mortgages: NYT
Biggest Banks in Reverse Mortgages Exit Business
Wells Fargo and Bank of America have left the business of reverse mortgages, a type of home equity loan, as falling home prices have made it more unpredictable.
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Biggest Banks in Reverse Mortgages Exit Business
Mortgages, foreclosures top agenda at BofA meeting
The Rev. Mike Broadway, center, speaks to a group of protesters before the Bank of America shareholders meeting.
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Mortgages, foreclosures top agenda at BofA meeting
Mortgages, foreclosures top at BofA meeting
Mortgages, foreclosures top at BofA meeting By PALLAVI GOGOI The Associated Press Published May 11, 2011 04:57PM MDT Charlotte, N.C. • Foreclosures and home mortgage modifications took center stage at Bank of America Corp.’s annual meeting Wednesday. Outside the headquarters of the nation’s largest bank, protesters held signs and gave testimonials about their own foreclosure experiences
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Mortgages, foreclosures top at BofA meeting
BofA sees income fall; mortgages still hurting
NEW YORK – Bank of America Corp.’s first-quarter income fell 39 percent compared with a year earlier on higher costs related to its mortgage business and litigation.
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BofA sees income fall; mortgages still hurting
Mortgages Plague Bank of America Earnings
NEW YORK — Bank of America’s lackluster first quarter earnings performance can be summed up in two words: mortgages fallout. The bank reported first quarter earnings of $2 billion, or 17 cents a share, missing Thompson Reuters analysts estimates of 27 cents a share. Results were weighed down by a settlement the bank reached with monoline insurer Assured Guaranty that resolves its …
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Mortgages Plague Bank of America Earnings
Some reverse mortgages holders risk going into default
Some reverse mortgages holders risk going into default
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Some reverse mortgages holders risk going into default
Some reverse mortgages holders risk going into default
Some reverse mortgages holders risk going into default
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Some reverse mortgages holders risk going into default
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