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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 ...

Banks are working to woo new doctors into home mortgages

Meanwhile, SunTrust Banks ' largest subsidiary, based in Atlanta, has doubled its staff dedicated to serving physicians and medical practices over the last four years as it sees more demand for the mortgages, according to a company spokesman. And LeverageRx, a website that compares physician mortgage lenders, has seen a 51 percent increase in doctors searching for the loans year-to-date, compared with the same period last year.

High salaries and a stable job market relative to other professions make doctors lucrative and low-risk customers for banks that hope to sell them other products down the road. The average physician salary this year is $299,999, according to Medscape's annual survey of 20,329 doctors across roughly 30 specialities.

"You're a student, emerging physician, hit with all this debt. You have a lot of future upside," said John Cross, divisional sales executive at Bank of America. "If you provide a mortgage solution at the beginning of their career, … from there it turns into all kinds of other conversations.

Many forces are in place that could keep pushing rates even higher

Strategists say the reports were the immediate catalyst, but they also point to the fact that the U.S. has a massive amount of debt to sell this year, and foreign buyers are not showing the same appetite they once had. At the same time, the Fed is set to raise interest rates two more times this year, and the market is increasingly pricing in a third hike.

Yields moved higher Tuesday along the entire Treasury yield curve from 2-year notes to 30-year bonds, but the widely watched 10-year made a significant move and appears to have broken into a new trend. The 10-year hit a high of about 3.069 percent, up from 2.995 percent Monday. That new level may now mean the 10-year yield could hold above the psychological 3 percent mark.

"It appears to be definitively broken through 3 percent. We've tested it a couple times. It seems like we're pretty well north of that level. … Seeing this is not a surprise, but the speed at which we've gotten above 3 percent is notable," said Mark Cabana, head of U.S. short rate strategy at Bank of America Merrill Lynch. "The catalyst obviously is this morning's data. While it was encouraging, the move seems outsized relative to the surprise, which suggests there are positioning factors at play."

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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