Reverse Mortgages Here to Stay – But you’d certainly be forgiven for looking at the headlines from the first half of 2011 and wondering whether reverse mortgages have a future. First, Bank of America got out of the business of.
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Countrywide becomes Bank of America Home Loans – Reverse Mortgage – The Countrywide name will soon be gone for good. The WSJ announced that Bank of America, which recently acquired Countrywide, will discard the Countrywide name. Countrywide will now be rebranded as Bank of America Home Loans. Bank of America acquired Countrywide, a home mortgage lender, last July for $2.5 billion (the initial $4 billion deal [.]
Merrill Lynch: Financial Planning Can Ease Burden for Widows – head of retirement client experience and communications at Bank of America Merrill Lynch, said in a statement. Harmes said that she has also assisted widows in opening reverse mortgages after the.
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Bank of America settles lending discrimination claims brought by National Fair Housing Alliance – The original complaint from the NFHA complaint alleged that Bank of America and two of its employees in South Carolina discriminated against Hispanic mortgage borrowers. When HUD filed charges against.
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Finance of America Reverse – ConsumerAffairs – Finance of America Reverse is one of the premiere reverse mortgage lenders in the United States. Since 2003, FAR has been providing homeowners age 62 and older with the financial independence they.
Does Bank of America Do Reverse Mortgages? – By 2010 the mortgage crisis of 2008 was impacting the reverse mortgage industry. In 2011 both Bank of America and Wells Fargo exited the reverse mortgage sector. 4 At that time, both banks accounted for 43 percent of the business according to Reverse mortgage insight. 4 metlife bank followed suit not long after in 2012. 5 Bank of America cited declining home values as the reason for leaving.