Bank of America
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BofA to Bow Out of Reverse Mortgages
Feb 04, 2011According to several sources contacted by the Reverse Review, Bank of America (BofA) is preparing to officially announce their plans to close their reverse mortgage divisions in all channels: retail, correspondent and wholesale. Although BofA has yet to release an official statement and has not responded to requests for comment, several industry insiders have confirmed that they announced their plans to employees and select partners today. Last year, BofA closed their wholesale channel for forward mortgages, but at the time, announced an on-going commitment to the reverse channels. Few details are currently available, and this report has yet to
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The BofA-GSE settlement: Were we robbed, or not?
Jan 11, 2011 -
BofA, the MBS unwind, and the other side of the coin
Dec 06, 2010 -
After foreclosure-gate, will WikiLeaks data be the next blow?
Dec 03, 2010 -
Bank of America and the middle-man hedge
Nov 17, 2010 -
Not merely a housing industry crisis; a crack in the moral code of America
Oct 15, 2010 -
PHH Mortgage: Do Everything Better, Faster to Compete with Big Four Banks
Aug 26, 2010 -
Lipstick on a Pig: Otherwise Known as HVCC and Appraisal Practice Reform
Apr 09, 2010 -
In REO, Rattling a Few Industry Cages
Mar 29, 2010 -
Waiting for the Return of Buy-to-Hold Investors? Don’t Hold Your Breath
Feb 17, 2010
