CALABASAS, Calif. – In keeping with its policy in recent years, Bank of America has instituted a holiday season suspension of foreclosures and evictions.
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Bank of America Home Loans Continues Policy of Suspending Foreclosures, Evictions During Holiday Season
CONSUMER LENDING
2:03 pm 12/23/2009
Bank of America Board of Directors Elects Brian Moynihan CEO
COMPANY PERFORMANCE
8:34 pm 12/16/2009
CHARLOTTE, N.C., Dec. 16 /PRNewswire-FirstCall/ — The Bank of America Board of Directors today elected Brian T. Moynihan as chief executive officer and president of the company. He will assume the office and join the Board of Directors following the retirement of Kenneth D. Lewis on December 31, 2009.
To view the multimedia assets associated with this release, please click: http://multivu.prnewswire.com/mnr/bankofamerica/41726/
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Bank of America Pledges to Increase Small and Medium Business Lending
SMALL BUSINESS LENDING
1:49 pm 12/14/2009
CHARLOTTE, N.C., Dec. 14 /PRNewswire/ — Bank of America today announced that it has pledged to increase lending to small- and medium-sized businesses by at least $5 billion in 2010 over 2009’s results.
The pledge was made to President Obama by Bank of America Chief Executive Officer Kenneth D. Lewis at a meeting of key bankers at the White House today.
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Bank of America Provides Relief to More Than 600,000 Homeowners Through Mortgage Modification Efforts
CONSUMER LENDING
5:45 pm 12/9/2009
Bank Offers Assistance through Home Affordable, Other Home Retention Programs
CALABASAS, Calif. – Bank of America has provided mortgage relief through concluded and trial modifications to more than 600,000 homeowners since January 2008.
“At Bank of America, we remain focused on providing long-term solutions to help distressed customers sustain homeownership” said Jack Schakett, credit loss mitigation strategies executive of Bank of America Home Loans. “Through the government’s Home Affordable Modification Program (HAMP) and our own programs, we are moving aggressively to assist as many homeowners as possible.”
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Bank of America Home Loans Improves Short Sale Process for Homeowners and Real Estate Professionals
CONSUMER LENDING
5:40 pm 12/9/2009
As part of Bank of America Home Loans’ commitment to successful homeownership, our first priority is to keep owners in their homes through loan modifications or other remedies. Unfortunately, sometimes these solutions do not work and a “short sale” is deemed to be the best course for the homeowner. A short sale allows a borrower to sell the home for less than the total amount due on the mortgage loan secured by the home. It helps the borrower avoid foreclosure and reduces some of the lender’s loss by avoiding or minimizing foreclosure activities. The borrower does not receive any of… Read more
