Stacey Vanek Smith
Mar 23, 2012 Bank of America is launching a pilot program where homeowners who are at risk of foreclosure would hand over the deed to their house and then rent it back from the bank.
Mar 23, 2012 Bank of America starts a foreclosure-prevention program that lets borrowers give up ownership of their home but stay on rent-paying tenants.
Heidi N. Moore
Mar 13, 2012 Turns out American banks are in a much better position financially than we thought.
Mar 1, 2012 The bank is reportedly currently testing different fee models -- including monthly charges of anywhere from $6 to $25. This comes after a pushback last year against a $5 monthly debit card fee.
Jan 4, 2012 While some banks are being encourage to lend more, pressure is also coming from regulators to crack down on riskier customers.
Jan 3, 2012 Other banks are also choosier about which businesses they lend to, and how much.
Jan 2, 2012 The Dow’s best- and worst-performing stocks of 2011.
Dec 22, 2011 Bank of America will pay $335 million to settle mortgage discrimination charges against Countrywide Financial.
Dec 22, 2011 Countrywide was accused of steering more than 200,000 black and Hispanic borrowers into risky subprime loans during the housing bubble. But is the practice really over now?
Dec 22, 2011 BofA's costs mount as it settles a mortgage discrimination suit against subsidiary Countrywide Financial.