BofA Rolls Out $8.4 Billion Loan Mod Program

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Bank of America today announced a new $5 billion affordable homeownership initiative for low- to moderate-income and multicultural homebuyers and communities across the country. The company will.

Banking, credit card, automobile loans, mortgage and home equity products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend.

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Bank of America is one of the world’s largest banks. The bank had $2.11 trillion in assets as of December 2014. It is "one of the country’s most extensive branch networks," according to Hoover’s, and has been one of the biggest lenders (though its top position suffered in 2012 after billions in mortgage losses).

To settle a predatory lending case brought by 15 states attorneys general, Bank of America has agreed to an $8.4 billion modification program covering some 400,000 loans acquired when it took over Countrywide Financial in July.

Bank of America announced today the long-awaited debut of the Bank of America Chicago 13.1. The city’s newest half marathon, one of the most popular race distances in the United States, will kick off on Sunday, June 7, 2020, bringing a world-class race and three-day health and wellness festival to Chicago’s west side.

The modification program is valued at as much as $8.4 billion and the costs of the program "have already been estimated and accounted for" by Bank of America as part of its acquisition of.

BofA Rolls Out $8.4 Billion Loan Mod Program Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto.