Bank of America Reported $35.7 Billion Nonperforming Home Loans, Leases and Foreclosures in Q2
Even though mortgage rates were extremely low for much of the quarter and Americans look to be saving more than they spend it was still the case that Bank of America reported $25.7 billion nonperforming home loans, leases and foreclosures in Q2 of 2010. That number is up 15% from one year ago and has [...]
Bank of America Looks to Sell Insurance Unit Acquired With Countrywide Financial – Home Loan Liquidations May Rise
The CEO of Bank of America, Brian Moynihan has made it apparent that BoA plans to sell the insurance unit that was acquired with Countrywide Financial, Balboa. Moynihan feels that Bank of America should sell Balboa “because it’s not a core activity of making mortgages and we’re continuing to fine-tune the franchise.” He made the [...]
Bank of America Refinance Mortgage Rates – Home Loans Continue to Drop to Lows Below for 30 Year Fixed
Bank of America refinance mortgage rates are, once again, getting very close to all time lows. After the Federal Reserve Bank made the comments that they are going to keep interest rates low for an extended period of time home loans for the 30 year fixed mortgage have dropped to around 4.5%. It is very [...]
Bank of America Refinance Mortgage Rates – Home Loans Could Test All Time Lows for 30 Year Fixed
Bank of America refinance mortgage rates saw a slight bounce higher over the last few days but there is a very strong possibility that whole loans could test all time lows in the very near future. With the 10 year treasury rate yield dropping over the last few days and will likely be the case [...]
Bank of America Home Loans – Refinance Mortgage Rates Move Above 4.5% on July 20, 2010
Bank of America home loans have been at or below 4.5% for the 30 year fixed mortgage for quite some time. Today we are seeing the 30 year fixed jumps slightly above 4.5% as many sources are quoting 30 year fixed with an average around 4.55%. Even though mortgage rates are up there still are [...]
Bank of America Refinance Mortgage Rates – Home Loans in July Under 5% for Buyers and Home Owners
// Bank of America refinance mortgage rates have been very close to all-time lows for quite some time. Home loans in July are under 5% for buyers and homeowners who are looking to refinance. It is important to note that you will need a very good credit score, above 740, to get rates this low. [...]
Bank of America Home Loans – Refinance Mortgage Rates Under 4.75% This Weekend in June 2010
Bank of America home loans have been very low for the entire year of 2010 and that continues into late June. Refinance mortgage rates are currently under 4.75% this weekend in June of 2010. Many current and future homeowners could greatly benefit from this low mortgage interest rates. With many Americans looking for every way [...]
Ken Lewis Pumps Up Bank of America Stock then Steps Down?
Between January 20th and February 4th, Bank of America CEO Ken Lewis purchased 400,000 shares of BAC stock between the prices of $4.78 and $6.06. He currently holds over 1.4 million shares in the banking giant. On March 2nd, Ken Lewis made the statement that accepting so much TARP money was wrong and Bank of [...]
The Portal Alliance – The Demise of the United States Economy
Early in February, Subprime Blogger reported on an issue that many of you did not even know about: the Portal Alliance. Comprised of the Who’s Who of who does NOT know how to run a bank, the portal alliance could very well be the demise of the United States economy. The short list of this [...]
Bank of America Pays Out $700 Million in Bonuses With YOUR Money
On February 13th, 2009, Bank of America started its year end compensation bonus package. In one day, the struggling bank paid out $700 million and is expected to pay an additional $900 million in cash and stocks in the near future. Where is this money coming from? Is this the same company that is going [...]
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