Home Equity Mortgage Loan

Bank of America may face $9b loan loss (Straits Times)

BANK of America, the largest United States retail bank, may set aside a record US$6.5 billion (S$9 billion) in the first quarter to cover possible future loan losses, including in its mortgage and home equity portfolios, according to a banking analyst. Read more

Home calendar (Detroit Free Press)

Home Buying Class: Topics will include figuring out how much home you can afford, monthly payments, preapprovals, choosing the right mortgage, making the right offer, home inspections, title insurance, improving credit scores and setting up a home loan action plan. 79 p.m. Tue. at the Lapeer and Upper Thumb Association of Realtors, 309 South Court Street in Lapeer. Free. Call Michelle Tobin, ... Read more

Bank of America tipped to post $7.2b loss (Daily Telegraph)

BANK of America, the largest US retail bank, may set aside a record $US6.5 billion ($7.2 billion) in the first quarter to cover possible future loan losses, including in its mortgage and home equity portfolios, according to a banking analyst. Read more

Bank of America May Take $6.5 Billion Loss Provision (Update1) (Bloomberg.com)

March 22 (Bloomberg) Bank of America Corp. , the second biggest U.S. bank by assets, may take a record $6.5 billion loan loss provision in the first quarter to cover possible future losses in its home equity and mortgage portfolios, Punk Ziegel and Co. analyst Richard Bove wrote. Read more