BoA Introduces Customer Outreach to New England

Written by: Christopher Gordon  |  Publish date: July 23rd, 2010

Bank of America Home Loans has recently introduced a new, customer outreach center in Dedham, New England to assist their members throughout Boston and surrounding areas. BoA homeownership retention specialists are available at the center to meet one-on-one with mortgage customers presently going through financial hardships and unable to make timely payments. As well, BoA associates are readily available to provide support to banking members with financial auto, credit card and personal loan hardship. Glenda Gabriel, BoA’s Neighborhood Lending Executive for Home Loans said, “While we have already assisted 13,000 Massachusetts homeowners with permanent modifications since January 2008, we recognize [...]

U.S. Mortgage Delinquencies Reach New High in November

Written by: Timothy McFarlin  |  Publish date: December 20th, 2009

Among U.S. homeowners with mortgages, 7.91 percent were at least 30 days late on payments in November

Get Ready, Get Set, Point Fingers

Written by: Timothy McFarlin  |  Publish date: December 15th, 2009

Ocala’s trustee “failed to maintain internal documentation necessary to establish Ocala’s ownership of purchased mortgages,”

Foreclosure Rescue Failure: Only 1 Out Of 1,600 B of A Borrowers Have Received Permanent Modifications

Written by: Timothy McFarlin  |  Publish date: December 12th, 2009

At Bank of America, only 98 out of 156,864 borrowers in the trial program had received permanent fixes

Credit Impact of Loan Modification- Good News for Homeowners

Written by: Timothy McFarlin  |  Publish date: November 22nd, 2009

This new way to report a loan modification does not have any negative impact to a consumer’s FICO credit scores

Short Sale vs. Foreclosure

Written by: Timothy McFarlin  |  Publish date: August 28th, 2009

Homeowners that can’t meet the demands of lenders in a timely manner, whatever the reason may be, are subject to seizure and the loss of their home.

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