All Entries Tagged With: "bank of america"
Personal Loans Being Offered By Various Banks
Despite of weak economic and poor money market some banks are still capable to offer personal loans to their patrons. These are loans that are unsecured and for a term longer than one month. The Citibank offers loans from $300 up to $15,000 for unexpected expenses, a vacation and debt consolidation. Compare to same day [...]
Top Mortgage Lenders, Wells Fargo and Bank of America, Gains Profit as Mortgage Rates Drop
Two of the nation’s mortgage lenders giant, Bank of America and Wells Fargo, are gaining some profit increase within the NYSE as Bank of America was up 2.92% and Wells Fargo was up 2.96%. Both mortgage lenders obviously figured out that the most effective way to improve the profitability is to take advantage in mortgage [...]
$10 Million Small Business Grant Program Being Offered by Bank of America
The Bank of America, the largest bank holding company in the United States, by assets, and the second largest bank by market capitalization, recently implemented a new $10 million grant program to support nonprofit lenders aid small and rural businesses. The program was formally announced yesterday, the grants would be used to render support to [...]
Bank of America Increases Loans to Support Small and Medium-Business and Boosts Job Creation in 2010
Bank of America announced that it loaned $45.4 billion in small and medium-sized business loans in the first half of 2010 to boost the job creation thus year. This amount represents an increase in lending of nearly $9 billion over the same period last year. “Small and medium-sized businesses are central to the nation’s economy [...]
Bank of America is Planning to Sell Insurance Unit Acquired with Countrywide Financial Corp.
Brian Moynihan, Bank of America CEO, has made it apparent that BoA is planning to sell the insurance unit that was purchased with Countrywide Financial, Balboa. The 50-years old American businessman believes 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.” [...]
Current Home Mortgage Refinancing Interest Rates Ultra Low this Week
Reported earlier this week, the average mortgage refinancing rates dropped incredibly low. The 30-year stabled rate mortgage for refinancing dropped in 2 basis points Friday compared to Thursday. The standard 30-year fixed mortgage refinance rate was 4.76 Friday, as well as the average for the past week was 4.73 percent. The Bank of America is [...]
