All Entries Tagged With: "bank"
Bank of America Mortgage Repurchase Requests Total $11.1B
Bank of America, biggest U.S. lending company by assets, announced that they are facing a very limited number of requests to repurchase soured mortgages out of securities which lacked government-support guarantees. Bank of America, headquartered in Charlotte, North Carolina, claimed that unsettled mortgage repurchase requests form investors and insurers totaled approximately $11B on June 30th [...]
Citigroup to Invest $100 Million into NYC Affordable Housing Fund
Citigroup, Inc. is planning to invest $100 million fund in low and moderate income housing projects within the city of New York, the bank said Wednesday. The fund, which will be handled by L&M Development, is geared to provide support in preserving and rehabilitating affordable housing in New York City and the outer area by [...]
California and Memphis Homeowners Sues Wells Fargo for Refinance and Loan Modification
Everyone are fully aware that Wells Fargo is one of the nations top mortgage lenders and the company now are very much informed what it means to be a big financial player quickly. Before the credit crisis occur, numerous Wells Fargo staffs told customers that the bank is fully capable in refinancing an adjustable rate [...]
Bank and Lenders will Implement ‘Smart’ Online Mortgage Tools
The New York-based Lieberman Research Group surveyed 251 banks and 79 credit unions and found out that the adoption of “smart” online mortgage applications by credit unions and most banks is expected to rise rapidly. Mortgagebot LLC, survey’s principal sponsor, said none of the respondents were current customers. The accumulated data from the survey, 18% [...]
$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 [...]
Fiserv Successfully Unleashed ZashPay P2P Service
Fiserv Inc. successfully launched the new ZashPay person-to-person payments service which enables users to send or receive money efficiently from anyone in the country by using only a recipient’s name, e-mail address, or phone number. “Sending money to other people just got a whole lot easier,” said Eric Litch, senior vice president and general manager [...]
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 [...]
Wells Fargo Sued for Predatory Lending Practices
President Obama spends a lot of time and focused on predatory lending business practice in his speeches relating to the Financial Regulatory Bill. A man resides in Charleston, West Virginia conducted a legal action against Wells Fargo after he claims the company engaged in predatory lending practices that put him into one adjustable home loan [...]
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.” [...]
Same Day Payday Loans – A Quick and Easy Money Option
Same day payday loans are instant solution to those people trying to configure their financial difficulties till the arrival of the next pay check. If you are looking for a small loan, you can go for same day payday loans. Borrower can obtained their loan through same day payday and loan can be utilized for [...]