BofA Rolls Out $8.4 Billion Loan Mod Program

4.9 million Zelle® active users at Bank of America sent 52 million transfers worth $14 billion in Q4 alone, up 97% year over year. Digital represented 54% of direct auto loans, 19% of consumer mortgage applications and 20% of Business Advantage lending applications. Recent digital enhancements include a functionality overview at first mobile.

Bank of America is one of the world’s largest banks. The bank had $2.11 trillion in assets as of December 2014. It is "one of the country’s most extensive branch networks," according to Hoover’s, and has been one of the biggest lenders (though its top position suffered in 2012 after billions in mortgage losses).

“Paulson did not sponsor or initiate Goldman’s Abacus program.” Paulson himself entered 2011 feeling sure of himself. He boasted in an investor letter about generating $8.4 billion in gains. they’d.

If you are having difficulty making your home loan payments, you may be eligible for one of the loan modification options from Bank of America that can make your payments affordable and help you avoid foreclosure. Find out if a home loan modification is right for you.

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Bank of America recently announced a new Affordable Loan Solution (ALS) mortgage, a 3 percent down payment mortgage that does not require private mortgage insurance (PMI).Targeted at low- and moderate-income (LMI) borrowers and offered in partnership with Self-Help Ventures Fund and Freddie Mac, the ALS mortgage is seen by some as an attempt to create a channel for lending to LMI.

Wells, for instance, has extended offers to just 12 percent of those eligible, Bank of America. to refine the program and is continuing to roll out elements." He did say there would be more details.

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 · The modification program is valued at as much as $8.4 billion and the costs of the program “have already been estimated and accounted for” by Bank of America.

Bank of America has said that starting Dec. 1, it will modify an estimated 400,000 loans held by newly acquired Countrywide Financial Corp. as part of an $8.4 billion. reaching out to borrowers.

The Bank of America Mortgage Settlement Fiasco. incentives under President Obama’s $75 billion Home Affordable Modification Program (HAMP) toward the loan modifications it is required to make.

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