18 Articles match "America","Bank"

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• The Bank of America-Countrywide Merger
  
  The Bank of America’s $4 billion purchase of Countrywide Financial Corporation is now being scrutinized by just about every Wall Street analyst and financial columnis
  RealtyTrac Article Library - Sunday, March 2, 2008
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• The Bank of America-Countrywide Merger
  
  The Bank of America’s $4 billion purchase of Countrywide Financial Corporation is now being scrutinized by just about every Wall Street analyst and financial columnis
  RealtyTrac Article Library - Sunday, March 2, 2008
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• America Needs a Single Bank Regulator
  
  America Needs a Single Bank Regulator Financial Times In recent weeks our financial markets have shown signs of recovery thanks to unprecedented action to stabilize markets and stimulate the economy. Yet this crisis has many distressing qualities. Perhaps...( read more ) ...Tags:
  Foreclosure Pulse - Thursday, August 6, 2009
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• New Ultimatum Hits Lenders: Buy Loans or Foreclose
  
  It was in early October when Bank of America said it would modify 400,000 mortgages originated during past few years by its newly acquired Countrywide subsidiar
  RealtyTrac Article Library - Monday, December 8, 2008
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• Foreclosure Spat Brews in Chicago
  
  Foreclosure Spat Brews in Chicago The Wall Street Journal While many banks are taking pains to work out troubled commercial-property loans rather than foreclosing, Bank of America Corp. has lost its patience with a developer who took on a notoriously...( read more
  Foreclosure Pulse - Wednesday, November 18, 2009
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• From $2B Bailout to $4B Buyout at Countrywide
  
  Just late last year Bank of America infused $2 billion into the coffers of Countrywide Financial to support the floundering lender’s attempt to survive the subprime mortgage mess — which reportedly almost forced the firm into filing for bankruptcy protection earlier this week. Now with Countrywide’s stock weak and its value depressed, it is being widely reported that Bank of America is paying $4 billion in stock to buy out the company — in which it already had a 16 percent stake in convertible preferred stock after the bailout. It didn’t take long from a historical perspective.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Will Main Street Sink Wall Street?
  
  Mounting mortgage defaults by American homeowners with shaky credit have claimed their first Wall Street casualty, as investment banking giant Bear Stearns shuffled the leadership of its asset-management division and lost billions in the risky hedge fund market last month. The near-collapse of the two Bear Stearns hedge funds proves that the depth of America’s foreclosure fiasco is far from over. Two Bear Stearns hedge funds that invested heavily in subprime mortgage securities racked up huge losses last month after they made bad bets on complex securities backed by risky mortgages.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Lenders help their customers curb foreclosures
  
  Banks are increasingly testing new strategies to help curb mortgage delinquencies . Bank of America Corp. As borrowers falling behind on their mortgage payments increase in number, they are getting help form an unlikely source — the mortgage industry. To prevent potential problems, National City Corp. —
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosures in Money's 'Best Places to Live'
  
  Money magazine came out last week with another of its Top 10 lists; this one called "America’s Best Places to Live 2006 ." According to the latest data on the RealtyTrac website, Fort Collins has only 20 properties in the pre-foreclosure stage, but 226 properties are ready to go to auction and another 156 are bank owned (REO). And the winner is . . . Fort Collins, Colorado.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• 40 Is the New 30 for Lenders and Investors
  
  Wells Fargo, for example, just announced that it is joining the growing number of lenders, like Washington Mutual and Bank of America, that are offering 40-year fixed-rate loans. Well, as Fed Chairman Ben Bernanke decides on his next move -- will he or wont he ratchet up interest rates another 25 basis points next month as most economists are predicting -- mortgage lenders are also pondering their next moves. Tauting the lower monthly payments the new product offers will appeal to first-time buyers, consumers in high-cost markets, real estate investors and buyers on a fixed income,
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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