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Posts Tagged ‘Bank of America’

HCA Returning Three Times Cost Shows Timing Trumps Overhauls

March 4, 2011 by Real Estate Investor Comments Off

What a difference 10 months have made for HCA Inc. and its private-equity owners, KKR & Co., Bain Capital LLC and Bank of America Corp.

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3 Biggest Lenders Close Over Half of U.S. Mortgages

February 15, 2011 by Real Estate Investor Comments Off

Home loan closings by U.S. lenders during 2010 were around $1.5 trillion. Activity was down from the prior year’s roughly $2.0 trillion. Wells Fargo, Bank of America and Chase originated 56 percent of last year’s business.

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Bank of America to Pay $410 Million in Overdraft Case

February 6, 2011 by Real Estate Investor Comments Off

Bank of America Corp., the largest U.S. lender by assets, agreed to pay $410 million to settle lawsuits alleging deceptive practices in the management of customer accounts that led to excessive fees for overdrafts.

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Moynihan Fights Fires at Bank of America Amid Book-Value Doubts

January 4, 2011 by Real Estate Investor Comments Off

Brian T. Moynihan spent his first year as Bank of America Corp.’s chief executive officer putting out fires smoldering from the financial crisis. In 2011, he’ll do it all over again.

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Banks Defend Servicing Practices

November 17, 2010 by Real Estate Investor Comments Off

The Senate Committee on Banking, Housing & Urban Affairs held a hearing on servicer practices. The hearing was entitled Problems in Mortgage Servicing From Modification to Foreclosure . In addition to Chase Home Lending CEO David Lowman, Bank of America Home Loans President Barbara Desoer and Mortgage Electronic Registration Systems Inc. President and CEO R.K. Arnold were among the witnesses to testify.

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Biggest U.S. Mortgage Lenders

November 8, 2010 by Real Estate Investor Comments Off

Mortgage lenders are ranked based both on how many new loans they originate and how many loans they service. By those measures, the biggest originator of home loans during the third quarters was Wells Fargo & Co. The biggest mortgage servicer, meanwhile, was Bank of America Corp.

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How to Buy Rental Property by Buying Michigan Foreclosures

March 9, 2009 by Real Estate Investor Comments Off

From Ontonagon and Marquette, to Traverse City, Dearborn, and Adrian, Michigan foreclosures can give you the opportunity of a lifetime. Foreclosures in Michigan number in the thousands, presenting you with the advantage of getting a terrific property to use as rental property at such an affordable price that you won?t be able to pass it up.

Online offerings

The web site, foreclosure, can help you find information specific to Michigan properties, free with a seven-day trial. After that time, you will need to subscribe to the site to continue to have access to the compilation of data they have gathered there. This web site gives information on pre-foreclosures, Sheriff’s sales, and bankuptcies as well. read more…

 

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