Bank of America announces $0 origination fees for low-income borrowers



As lenders struggle with the impact of reduced home sales on the mortgage business, some banks are coming up with new ways to make their offerings more attractive to borrowers. The Bank of America for example, recently said it would give “eligible borrowers” up to $10,000 to be used towards their down payment or closing […]

Bank of America offers up to $10K in down payment, closing fee assistance



The Bank of America has announced a new $5 billion affordable home initiative that aims to assist low- to moderate-income and multicultural buyers with down payments and closing costs. The BoA says it hopes its Neighborhood Solutions program will help more than 20,000 buyers enter homeownership within the next five years. The program includes both […]

RMAX: A “Buy” or “Sell” Proposition for Q1 of 2019?



Is Bank of America’s downgrade of Re/Max (NYSE:RMAX) on the money?

Memphis Mortgages the Good, Bad, and Ugly Part Two



In this second article about mortgages in the Memphis area, we look at what others are experiencing when they apply for a mortgage. We’ll consider reviews by individuals regarding specific lenders. People in the Memphis area have posted these reviews on Zillow.com about personal experiences with loan officers and various lending institutions. The Good Bank […]

Latest Foreclosure Settlement – Whitewash For Banks Or Proof That Banks Are Not Guilty?



The latest 8.5 billion dollar foreclosure fraud settlement has the top ten banks paying out this money to mortgage borrowers who were involved in a foreclosure proceeding in 2009 and 2010, without regard for whether that borrower was wronged or not.

Bank of America – Settlements – Distance from Wrongdoing



Yesterday the biggest settlement of the ongoing financial crisis was hammered out between bankers and loan buyers such as Fannie Mae. The civil settlements, to the tune of $19 billion forthcoming from the bankers, may signal the coming of the end for Federal regulatory probes.

Clarifying Deed In Lieu Of Foreclosure – It’s STILL A Foreclosure



These days the housing news is abuzz with stories of various banks, Fannie or Freddie offering a “deed in lieu of foreclosure” to homeowners who are in danger of losing their home.

Independent Foreclosure Review Extended To September 30, 2012



If you are or were a homeowner who had a foreclosure initiated, pending or completed between January 1, 2009 and December 31, 2010, you may be eligible for compensation or damages related to your foreclosure case IF you act to file a request for review before the September 30th 2012 deadline.

Bank of America in $30,000 Short Sale Incentive



As part of its efforts to reduce the number of foreclosures on its books, the Bank of America is offering relocation payments of up to $30,000 to struggling homeowners to induce them to agree to a short sale.

BoA Launches Mortgage to Lease Program



Last week, Bank of America announced that for a select group of homeowners currently facing foreclosure, they would have the option to remain in their homes after all. The catch? They don’t actually get to keep their homes… they have to rent it from the bank instead.