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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 ...

With mortgage rates at 4-year highs, look for discounts

What’s up with mortgage rates? Jeff Lazerson of Mortgage Grader in Laguna Niguel gives us his take.

Rate news summary

From Freddie Mac’s weekly survey: It’s official. The 30-year fixed rate now is at the highest level in more than four years, averaging 4.43 percent in this week’s survey. That’s up 3 basis points from last week’s 4.40 percent. Thirty-year rates have increased for eight weeks in a row following steady gains in long-term U.S. Treasury bonds.

The 15-year fixed averaged 3.90 percent, 5 basis points higher than last week’s 3.85 percent. But not everything is going up. The five-year adjustable-rate hybrid mortgage (fixed for five years and fluctuating annually thereafter), dipped this week to 3.62 percent.

The Mortgage Bankers Association reported a 2.7 percent increase in loan application volume from the previous week.

Bottom line: Mortgage costs are indeed higher this year. Assuming a borrower gets the average 30-year fixed rate on a conforming $453,100 loan, last year’s rate of 4.10 percent and payment of $2,189 was $88 less than this week’s payment of $2,277.

The Fed Closes In on Wells Fargo

, “Says Wells Fargo purposefully pitched high-risk loans to black and Latino borrowers, though their credit enabled them to apply for better loans.”

And, as the city of Miami said in its original brief filed in late 2013, “When a minority borrower who previously received a predatory loan sought to refinance the loan… [the Banks] refused to extend credit at all, or on terms equal to those offered when refinancing similar loans issued to white borrowers.”

The brief said “banks” because a similar suit was filed against Bank of America.

Joel Liberson, a California attorney and CPA on the team representing the cities, said in an email that each municipality has specific claims but declined to estimate the liability that Wells Fargo faces.

Liberson also said it would be “inappropriate” to speculate about whether the restrictions placed on Wells Fargo by the Fed would encourage the bank to settle with the cities. The Fed acted after a string of scandals rocked the bank, beginning in the fall of 2016 when Wells Fargo was fined $185 million—including $100 million by the Consumer Financial Protection Bureau (CFPB)—for opening as many as 3.5 million bogus accounts as part of what has been described as the biggest cross-selling scandal in banking history.

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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