Matthew Borghese – AHN News Contributor Washington, DC, United States (AHN) – Bank of America (BoA) will settle a dispute with the U.S. Justice Department stemming from home loan discrimination. Authorities say BoA’s Countrywide unit discriminated against 200,000 African-American and Hispanic borrowers who qualified for prime loans but were nonetheless pushed to sign riskier subprime [...]
Posts Tagged ‘subprime’
Bank of America to settle Countrywide discrimination suit for $335 million
December 22nd, 2011 
davidguide 
Posted in Pay Day Loans 
Tags: abusive practices, African, assistant attorney general, bank of america, Countrywide, dc united, discrimination suit, habla, home, housing bubble, latino communities, News, Perez, prime loans, se habla espanol, skin, story, subprime, subprime loans, Wednesday 
Comments OffU.S. to sue big banks over risky mortgages
September 3rd, 2011 davidguide Diane Alter – AHN News Reporter New York, NY, United States (AHN) – The Federal Housing Finance Agency (FHFA) is set to sue a dozen banks over risky mortgage-backed securities they sold and that lost value during the housing collapse, according to reports from the Wall Street Journal and the New York Times. The suit [...]
Posted in Pay Day Loans Tags: bank of america, Chase, Fannie, fannie mae, Federal, FHFA, goldman sachs, Housing, housing finance agency, Journal, jp morgan, jp morgan chase, mortgage backed securities, mortgage buyers, News, Sachs, stability, subprime, subprime loans, wall street journal Comments OffBank of America announces another 3,500 job cuts
August 19th, 2011 davidguide Linda Young – AHN News Writer Charlotte, NC, United States (AHN) – Bank of America has announced it would slash 3,500 jobs in addition to the 2,500 it let go earlier this year. The bank is under pressure from investors to increase profitability and analysts say that pressure will likely cause additional job cuts that [...]
Posted in Business Loans Tags: bank of america, banking, banking laws, Business, card, Credit, economic crash, fortune 500, insurance portfolios, international banking, life, Linda, linda young, Mess, News, news writer, subprime, subprime mortgage, u s bank, year Comments OffBad Credit Loans and Lender Questions & Answers
September 7th, 2010 Corey Senn Q: What is a private investor and how do they differ from a hard money lender or a subprime lender? A: A private investor is an individual who lends out their own funds to borrowers who are unable to obtain a loan from a traditional lender such as a bank. It is also possible for private investors to pool their money into a fund that lends out money on a larger scale. Private investors are often wealthy or retired individuals who want a better return on their investments than they could expect to make in the stock market or other investment vehicles.
Posted in Fast Cash Loan Tags: bad credit lenders, Bad Credit loan, borrower, Credit, equity stake, estate situations, fico, hard money lender, hard money lenders, high risk lenders, Lender, Lending, Loan, Money, private investor, property, risky loans, score, subprime, traditional loans, U.S Comments OffBad Credit Loans and Lender Questions & Answers
May 11th, 2010 Corey Senn Q: What is a private investor and how do they differ from a hard money lender or a subprime lender? A: A private investor is an individual who lends out their own funds to borrowers who are unable to obtain a loan from a traditional lender such as a bank. It is also possible for private investors to pool their money into a fund that lends out money on a larger scale. Private investors are often wealthy or retired individuals who want a better return on their investments than they could expect to make in the stock market or other investment vehicles.
Posted in Fast Cash Loan Tags: bad credit lenders, Bad Credit loan, borrower, Credit, equity stake, estate situations, fico, hard money lender, hard money lenders, high risk lenders, Lender, Lending, Loan, Money, private investor, property, risky loans, score, subprime, traditional loans, U.S Comments Off