bank of america

Look Who’s on Santa’s Naughty List This Year

by Marty Boardman | December 22, 2010

Daddy, this is boring – when are they going to talk? The Nutcracker had just started and already my 6 year-old daughter, Audrey, was complaining. Evidently no one had explained to her that there is no dialogue in a ballet. I blame my wife. It is not a Dad’s job to know the storyline of [...]

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Commentary

Robo-Signers and Robo-Foreclosures

by Brooks Conkle | October 12, 2010

As I’m sure you recently heard, Bank of America announced that in 23 states it was halting foreclosures due to documents that were rushed through the system; some wrongful foreclosures were definitely included. Oops. Way to go BofA. Well, JP Morgan Chase, GMAC Mortgage, and PNC Financial Services basically followed suit. I can only assume [...]

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Commentary

Bank of America Halts the Sale of Foreclosures in All 50 States

by Joshua Dorkin | October 8, 2010

In another sign of the mass chaos that has crippled the US housing market, the AP is reporting that as of today, BofA has halted all foreclosure sales throughout the United States. While this is great news for many people who are set to lose their homes, some even potentially wrongfully, it is not good [...]

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Real Estate News

The Ten Best in RE.net This Week: August 14, 2010 Edition

by Dean Ouellette | August 14, 2010

1 ) CNBC did another piece on the “shadow” inventory and how these properties may effect home prices. Remember though, all real estate is local. While Maryland, where this post was written, may not have enough buyers, some areas of the country have so many buyers they are snatching up the inventory as soon as [...]

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Housing

Housing Market Set For Double Dip?

by Charles Feldman | March 24, 2010

The opening graph from the Associated Press story is pretty damn scary–and, what’s worse, possibly true. “The recovery in the housing market is at risk of collapsing.” Well, that pretty much says it all, doesn’t it? Though I would argue that we haven’t really had much in the way of a recover to begin with! [...]

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Real Estate News

The Ten Best in RE.net This Week: Feb. 20, 2010 Edition

by Dean Ouellette | February 20, 2010

1 ) 7 Hours on Facebook? – Where do you spend most of your time when you are on the computer? If you are like most of America you spend a large amount of time on Facebook. And that time is growing! Just look at these numbers, doesn’t it make sense to go where they [...]

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Real Estate News

Bank of America goes to Equator for Short Sales Processing

by Winston Westbrook | December 14, 2009

Have you dealt with Bank of America or Countrywide during this golden age of real estate? If you have, I am sure you received nothing but stellar service from them right? If you have received great service from them you better start blogging about it and praising who you dealt with at Bank of America [...]

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Commentary

True Bank Nationalization Is Coming; Citi and BofA Probably First Up; Nationalization Means Salvation For The Real Estate Market!

by Charles Feldman | February 20, 2009

Let’s talk bank nationalization, folks. Why? because I think there is a pretty good chance it is coming soon–especially when talking about Citi and Bank of America–and, more important, THAT might have the biggest impact yet on solving (or helping to solve) the ever growing mortgage crisis that is still feeding the global credit meltdown. [...]

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Commentary

Will The Feds Nationalize Bank of America?

by Rob K. Blake | February 7, 2009

There is a plethora of speculations buzzing around Wall Street with the central theme being Bank of America (NYSE: BAC) our nation’s largest bank…and biggest “cleaner upper” of the financial crises buying both Merrill Lynch and Countrywide Home Loans before they collapse…is going to get “taken over” by the government. Oh my God! The sky [...]

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Credit

Who Needs Regulators: Banks Establish $70 Billion Loan Program to Protect Liquidity

by Joshua Dorkin | September 15, 2008

Update: The Dow ended up closing down 504 points for the day The past 24 hours have been about as chaotic a time as Wall Street has seen since Black Monday or possibly the Great Depression. Here are a few highlights: We’ve seen one of the top investment banks fail to secure a bidder and [...]

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Commentary

Bank of America Buys The United States – Or Close To It!

by Charles Feldman | January 12, 2008

If the announced planned merger of [tag]Bank of America[/tag] and [tag]Countrywide[/tag] Financial Corp goes through, BofA will be involved in about one in every four mortgage loans in the United States. One in four! Now one way to look at this is, this is a good thing. It will probably rescue Countrywide -described by the [...]

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