Printer Friendly

Bank of America launches foreclosure help.

Global Banking News-10 August 2009-Bank of America launches foreclosure help(C)2009 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 10 August 2009(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

Bank of America Corporation (NYSE: BAC) has started measures that are aimed at helping customers who need foreclosure help.

BAC has started sending letters to customers who may be eligible for foreclosure relief. As part of an earlier agreement that the bank made with state attorneys general in October, it has allocated up to USD150m nationwide to assist certain borrowers who experienced a foreclosure, short sale or deed in lieu of foreclosure on mortgages originated by Countrywide Financial Corp.

Forty states are participating in the programme.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

((Distributed via M2 Communications - http://www.m2.com))
COPYRIGHT 2009 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2009 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Global Banking News (GBN)
Date:Aug 10, 2009
Words:141
Previous Article:USAA to allow customers deposit cheques using iPhones.
Next Article:MCB to acquire RBS Pakistan.
Topics:


Related Articles
Foreclosure petitions soaring; Almost 70 percent hike in Massachusetts for '06.
Business briefs.
Bank recovery I.
Bank of America and Wells Fargo extend foreclosure moratoriums.
Bank of America to participate in US Treasury plan.
Bank of America starts foreclosure relief programme notifications.
Bank of America increasing foreclosure prevention efforts.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters