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Bank of America cutting technology jobs, some in Charlotte
Like some other banks, Bank of America has laid off mortgage workers in part because borrower demand to refinance mortgages has declined amid a rise in mortgage rates. Under Project New BAC, the bank has also cut branches. Last year, it trimmed 327 

BofA profit beats as mortgage losses ease, provisions fall
BofA profit beats as mortgage losses ease, provisions fall Bank of America, the No.2 U.S. bank, reported a stronger-than-expected quarterly profit, driven by a steep fall in mortgage losses and provisions to cover bad loans. Fourth-quarter net income applicable to shareholders rose to $3.18 billion, or 29

Bank of America Mortgage Rates: 30-Year Refinance Rates and Home Loans for ...
Bank of America Mortgage Rates: 30-Year Refinance Rates and Home Loans for ... Bank of America Mortgage Rates: 30-Year Refinance Rates and Home Loans for January Mortgage rates improved on several home purchase and refinance loans at Bank of America (NYSE:BAC) on Friday. Under BofA's home loan portfolio, the 30-year fixed 

Banks Keep Their Mortgage Litigation Reserves a Secret
Banks Keep Their Mortgage Litigation Reserves a Secret Now, other large banks — in particular, Bank of America, with its enormous exposure to sour precrisis mortgages — are expected to announce painful deals with the government in the coming months. As these legal threats loom, the nagging question is 

Underwater Bank Of America Mortgage - If you have an underwater mortgage with Bank Of America and are looking for help contact Group 46 today. Kevin and Fred ...

More Bank of America layoffs hit Charlotte

“It’s an adjustment to the market,” Francisco said, noting that a couple hundred mortgage employees work in the building but not all are affected by the layoffs. Charlotte is the only U.S. market where mortgage layoffs were announced Tuesday, he said.

One technology employee who works in Charlotte said workers notified on Tuesday included people in engineering, project management and program management functions. Some affected employees work in uptown as well as Rhode Island, the person said.

Frahm said employees affected Tuesday are eligible and encouraged to apply for open positions at the company, which has a strong track record of transitioning laid-off workers into new roles.

Bank of America has reduced its total employment by more than 70,000 under CEO Brian Moynihan, who took over in 2010. Cuts have affected a wide range of positions across the company.

The bank has cited attrition as one factor behind declines in headcount, but it has also pointed to efficiency efforts in previous rounds of layoffs affecting technology jobs. Moynihan has pushed to improve efficiencies under a program launched in 2014 called Simplify and Improve.

Part 2: The fallout of the Bank of America vs. City of Miami decision

With its decision on May 1, 2017,  the U.S. Supreme Court essentially strengthened the Fair Housing Act by broadening the definition of the “aggrieved party,” however the court declined to issue a ruling on causation and whether the predatory lending of the banks was sufficiently related to the cause of the financial injury claimed by the City of Miami. Several potential implications await the lending industry pending decisions on these issues that the Supreme Court sent back to the District Court for rehearing.

Primarily, the Supreme Court decision opens the door for cities across the country to sue lending companies for diminished property tax revenue and increased municipal expenses associated with foreclosures on properties within their minority communities due to predatory lending practices. As a result, mortgage lenders could be held liable as the direct cause for such financial burdens to government municipalities.

Since 2014, large mortgage lenders

Does anyone know of a class action lawsuit against Bank of America mortgage in Ohio?

I want to either file a class action suit or join one against BOA mortgage. If anyone knows of one or wants to be part of one please let me know.

No there is not.

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