The loans are being originated and distributed by the Neighborhood Assistance Corp. of America, or NACA, a national nonprofit based in Boston that works primarily with low- to moderate-income borrowers, including those who have subprime credit.
In this article, I'll explain the complicated nature of its stock warrants, and how much investors can make by buying Bank of America's warrants instead of the common stock. (If you need to freshen up on the mechanics of stock warrants, first read this ...
Although the recent settlement between Bank of America Corp. (NYSE: BAC ) and the U.S. Department of Justice has been hailed as a step forward for the bank and its shareholders, not all parties involved in B of A's mortgage morass emerged victorious.
"We rate BANK OF AMERICA CORP (BAC) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover.