Dear Mr. Berko: I’d like to buy 3,000 shares of Bank of America for a long-term investment. Please give me your opinion on this stock. If you don’t like it, would you recommend another bank or banks that I can invest in for a three- to five-year time frame? – ME, Fort Walton Beach, Fla. [...]
Bank of America said it will hold three days of free workshops and counseling for its customers who are having trouble paying home loans.
In 2009, about two years after the real estate market started its collapse, a new federal law took effect.
The federal Home Valuation Code of Conduct was created to reduce conflicts of interest in the process of appraising homes. Real estate agents and brokers were no longer allowed to order appraisals. Lenders were now in control of doing that, and demand for appraisal-management companies shot up.
WASHINGTON – Congressional investigators said this week that four House members received VIP discounted loans from the former Countrywide Financial Corp., the lender whose subprime mortgages were largely responsible for the nation's foreclosure crisis.
Age: 64 Lives in: east Charlotte Family: wife, Patricia; children, Reagen and Bergen Charlotte has few institutions, but the Arcade Men’s Room might just be one. Cecil Taylor, who started barbering in the early 1970s, bought the shop from George Cook in 1974. Over the past 40 years, Taylor has cut hair for banking big wigs [...]
Qualifying for a loan in today’s economic environment is a daunting task for many. For the Charlotte Knights, it is the next mountain to climb in order for the minor league baseball team to build a new stadium in uptown on county-owned land. The team has little more than a year to start construction on [...]
A group of investors is opposing a proposed $8.5 billion settlement that Charlotte-based Bank of America Corp. reached last week. The settlement was designed to resolve claims by investors that the bank sold bonds based on substandard mortgages. The bank reached the settlement to appease investors who want the bank to buy back defective Countywide Financial [...]
NEW YORK — Bank of America and its Countrywide unit will pay $8.5 billion to settle claims that the lenders sold poor-quality mortgage-backed securities that went sour when the housing market collapsed. The Charlotte bank says the settlement with 22 investors is subject to court approval and covers 530 trusts with original principal balance of [...]
Bank of America Corp. today said it plans to nearly double the number of its advisers who work with wealthier customers, bringing the total number to more than 1,000 by the end of the year. The Charlotte-based bank said the move is an effort to serve customers with investable assets of $50,000 to $250,000. The Merrill [...]
About 40 real estate agents filed into the Bank of America Home Loans building in SouthPark June 1 for a crash course in short sales, an often-tricky transaction that’s been on the rise in Charlotte. Attorney Jaime Kosofsky and real estate agent Jonathan Osman conducted the class. “It’s gotten huge,” Kosofsky said of the number [...]