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Bank of America Sued by US Over Mortgage Loan Sales
Bank of America Corp. (BAC:US), the second- biggest U.S. lender by assets, was accused by the federal government in a $1 billion fraud lawsuit of selling defective residential mortgage loans to Fannie Mae and Freddie Mac (FMCC:US) that later defaulted.
US Accuses Bank of America of a 'Brazen' Mortgage Fraud  New York Times
US hits Bank of America with fraud lawsuit
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US Sues Bank of America for $1 Billion in Bad Mortgages
Bank of America made these loans via subprime mortgage lenders Countrywide Financial Corporation and Countrywide Home Loans, Inc. that it acquired in 2008. �Through a program aptly named 'the Hustle,' Countrywide and Bank of America made ...
How Bank of America Could Fight a Government Lawsuit  New York Times (blog)
Fannie, Freddie and the False Claims Act  Wall Street Journal (blog)
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Bank of America CEO on housing: 'The worst is over'
In an interview with Bloomberg TV, Bank of America Corp. CEO Brian Moynihan said the U.S. housing market is on the mend. �The worst is over,� he said, noting mortgages past due and the backlog of problem mortgages are beginning to subside.
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Bank Of America's Financial Performance
In this research note, we'll cover Bank of America's (NYSE:BAC) third quarter, update the recommendation and discuss recent economic data points.
Bank of America Merrill Lynch hires Margaret Ren in mainland push  South China Morning Post (subscription)
Cyber Criminals Take $400000 From Bank of America  ValueWalk
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Bank Of America's Operating Segment Performance
The outlook for Bank of America is improved, but the operating segments need to show improving revenue trends. Operating cash flow and net ... I would like to see the profit margin improve: Bank of America has one of the lowest net profit margins of ...
Bank Of America's Earning Power Suppressed
I think this is causing a lot of reluctance in companies to hire employees simply because they don't know what kind of laws will be put in place and what will happen with America's corporate tax rate. Low interest rates put on by the Federal Reserve ...
Reminder: Bank of America's 8.20% Non-Cumulative Preferred Stock, Series H ...
On 10/11/12, Bank of America Corp.'s 8.20% Non-Cumulative Preferred Stock, Series H (NYSE: BAC.PRH) will trade ex-dividend, for its quarterly dividend of $0.5125, payable on 11/1/12.
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Will Bank Of America Continue To Underperform In 2013?
The discounted earnings plus equity model, developed by EFS Investment partners and applied to Bank of America, suggests that the company is currently trading at a solid discount. EFS's fair stock price valuation indicates that the BAC's stock ...
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Bank of America Is Now The Best-Capitalized Bank: Goldman Sachs
Bank of America Corp (NYSE:BAC) reported GAAP EPS of $0.00, which we estimate as $0.25, excluding all non-core items. The biggest positive surprise was a 100bp increase in B3 T1C to 8.97%, making BAC the best-capitalized money center bank, ...
Local banks capitalize on Bank of America's slide (BBJ DataCenter)
Bank of America Corp. lost market share in Massachusetts despite a near $2 billion increase in total deposits over the past year, as customers gravitated toward smaller competitors throughout the commonwealth, according to new data published by the ...
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