Tag Archives: Bank of America
Lenders pay back borrowers
Here is something you don’t hear every day: your lender was accused of lying and is now required to give you some money to make up for it.
The Federal Trade Commission today started mailing out a total of $108 million in refund checks to 450,177 homeow… Continue reading
Posted in Mortgages
Tagged Bank of America, Countrywide, Federal Reserve Board, Mortgages, Wells Fargo
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The end of reverse mortgages?
When home values were going up like a rocket, lenders often marketed reverse mortgages as a gateway to financial freedom. Now, some of them want out.
Wells Fargo says it will stop offering reverse mortgages as of June 30. Bank of America stopped offeri… Continue reading
Posted in Mortgages
Tagged Bank of America, Mortgages, reverse mortgage, Wells Fargo
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