-
I would shop with an Honest broker in your area. You might still be able to get close to the original rate. Brokers can usually offer a little lower rate than the big banks. PS. I only Lend in the State of Florida.
-
“Keep skunks and bankers at a distance” so the old saying goes. Mortgage bankers may have to ignore that saying, however, given some National Mortgage News data that shows that four companies (Wells Fargo, Bank of America Home Loan, JPMorgan Chase, and Citigroup) control almost 58% of the...
-
Bank of America Corp. is offering to repay part of its bailout money, and the U.S. is pushing for the bank to pay at least $500 million to shelve a tentative pact that would have had the government share its losses on certain assets. The moves, described by people familiar with the matter, both relate...
-
Good Luck with Bank of America. I just had about 6 very good Loan Officers leave B of A because of issues like this.
-
Bank of America Corp.'s reported that its better than expected second-quarter profit was boosted by the bank's foreign operations. In its quarterly report filed with the Securities and Exchange Commission, the Charlotte, N.C.-based bank said it lost $255 million in the United States, as losses...
-
Bank of America plans to close branches around the world. (Bloomberg News)
-
Markets began higher on Tuesday, quickly turned negative, and roughly 90 minutes into the session have nearly bounced back to parity. News from around that nation has been mixed on Tuesday, with financial institutions beefing up capital, prices of houses falling in the first quarter, and the trade deficit...
-
Results of the U.S. government’s Stress Tests officially come out today, but all of the results were leaked out on Wednesday, pushing stocks to 2009 highs as investors were relieved by the results. The S&P 500 is up 4.13% on the week, the Dow is up 3.01%, and the Nasdaq is up 1.58%. Investors...
-
Major stock indexes began on a high at the open resulting from an optimistic employment index released before the bell by Automatic Data Processing. Since the open, however, all three U.S. indexes have fallen back. With little other data to chew on, markets are being driven by news that Bank of America...
-
Bank of America Corp., the largest U.S. bank, needs to raise $36.6 billion in equity to bring capital ratios in line with its peers, according to Oppenheimer & Co. With investors reluctant to commit new funds to lenders, Bank of America is more likely to raise capital by converting preferred stock...