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Tag Archives: bank of america
New rules created to help homeowners
The Consumer Financial Protection Bureau proposed new rules on Friday to help give homeowners more information on outstanding balances and pending interest rate changes. When the bureau investigated numerous mortgage servicers, the results were disastrous for the industry as a whole. … Continue reading
Big Banks shrink lending
Even though the economy has been recovering at a snail-like pace, there is a possibility that the recovery may be fizziling out. One of the main indicators of economic health is bank lending, it has been rising for most of … Continue reading
Posted in Economy
Tagged bank of america, banks, citigroup, credit unions, economy, jp morgan chase, lending, wells fargo
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Bank of America announces new mortgage plan
Bank of America has announced a new program that will let homeowners who face foreclosures stay in their home as renters. The “Mortgage to Lease” program as of this moment could affect up to 1,000 selected homeowners in Arizona, Nevada … Continue reading
Posted in Economy, Rental
Tagged arizona, bank of america, foreclosures, mortgage to lease, nevada, new york
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5 U.S. banks face possible downgrade
The rating agency Moody’s has put 17 global instutions (5 in America) and 114 European banking institutions under review for a possible downgrade. The five U.S. banks are Bank of America, Citigroup, Goldman Sachs, Morgan Stanley and JP Morgan Chase. … Continue reading
Posted in Economy
Tagged bank of america, citigroup, downgrade, goldman sachs, italy, jp morgan chase, moody's, morgan stanley, review, spain, us
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Banks agree to mortage settlement
Five of the largest banks in the nation agreed to a deal with 49 states settling charges of abusive and negligent foreclosure practices since 2008. The deal was announced on Thursday February 9th, the banks will change the way … Continue reading
