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Mortgage, US Real Estate

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

By Mike Wheatley | May 24, 2019
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 […]
Mortgage

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

By Mike Wheatley | April 7, 2019
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 […]
stock broker
Featured News, Market Watch

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

By Phil Butler | December 29, 2018
Is Bank of America's downgrade of Re/Max (NYSE:RMAX) on the money?
US Real Estate

Memphis Mortgages the Good, Bad, and Ugly Part Two

By Brian Kline | March 23, 2015
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 […]
Mortgage, US Real Estate

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

By Donna S. Robinson | January 9, 2013
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.
US Real Estate

Bank of America - Settlements - Distance from Wrongdoing

By Phil Butler | January 8, 2013
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.
Featured News, US Real Estate

Clarifying Deed In Lieu Of Foreclosure - It's STILL A Foreclosure

By Donna S. Robinson | August 17, 2012
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.
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