Bank of America said it is assisting borrowers who complete qualifying short sales with relocation expenses – between $2,500 and $30,000. The relocation program is the latest in the bank’s surging reliance on ...

Only 27 states out of 49 that received a total of $2.5 billion from the mortgage settlement with the top U.S. lenders have actually used the money to assist homeowners or hard hit communities affected by the foreclosure ...

Bank of America has sent out a first wave of letters to 200,000 customers who may qualify for principal reductions under the $25 billion settlement between federal and state officials and the largest five loan servicers. The ...

The average annual percentage rate (APR) on new credit card offers remained unchanged at 14.91 percent this week, marking the ninth week of 17 this year that rates have not moved, according to creditcards.com The ...

The Federal Reserve has assembled a panel of economists to evaluate the “stress test” models that determine how the largest U.S. banks fare during an economic crisis. The Model Validation Council will provide ...

After a three-year lull, there has been resurgence in short sales – when properties are sold at a loss – indicating that banks are trying to push through inventories of pre-foreclosure properties. There was ...

Bank of America, the second largest U.S. bank, reported lower first-quarter profit from an accounting charge related to its debt. But results exceeded analysts’ estimates as it set aside a lower provision ...

Bank of America is seeking bids on a bulk offering of mainly vacant foreclosed homes, some of which the lender acquired from its merger with Countrywide. The nation’s second largest bank has sought bids for up ...

A federal judge’s approval this week of the $25 billion mortgage settlement between the top banks and government officials has given the green light for Joseph Smith to officially begin the work of getting foreclosure ...

The average borrower facing foreclosure didn’t see eviction for 253 days in February 2008. Four years later, that potentially “rent-free” period for those who stay in their homes is up to 667 days, according ...