Bank of America Home Loans

B of A Reaches Settlement with Fannie Mae on Risky Mortgages

Bank of America has reached a settlement with Fannie Mae on residential mortgage loans sold by the bank and its Countrywide unit to the agency ahead of the nation's 2008 financial crisis. The settlement includes a $3.6 billion payment to Fannie Mae.

Bank of America Beats the Street with a Narrow Profit

Bank of America said Wednesday that it narrowly turned a profit from July through September, good enough to beat Wall Street expectations. The bank earned $340 million in the quarter, which works out to a fraction of a penny per share. But financial analysts expected an 11-cent loss.

Bankers Agree: 'Too Big to Fail' Has Failed

Maybe if we called it "2B2F," it would have been more popular. But lacking the street cred of a cool nickname, the idea "too big to fail" is beginning to lose popularity in America -- even among some of the country's most famous bankers

Countrywide Bank Won Influence with Discount Loans to VIPs: Report

The former Countrywide Financial Corp., whose subprime loans helped start the foreclosure crisis, made hundreds of discount loans to buy influence with members of Congress, congressional staff, top government officials and executives of Fannie Mae, according to a House report.

8 Stocks That Could Double in Value in 2012

It is unusual for a stock's price to double in a year, but several well-known companies' shares have done it recently. The more important question for investors is: Which stock could be next? 24/7 Wall St. offer their list of S&P 500 companies whose stocks could double in 2012.

Did Warren Buffett Make a Bad Call on Bank of America?

When Warren Buffett announced in August that he would spend $5 billion to snap up Bank of America shares, investors cheered. Surely this must mean that we've seen the end of the bad news from America's biggest bank, right? Wrong. So did the Oracle of Omaha blunder?

How to Stretch Out Foreclosure for Years

Janet's a lawyer who's losing her home, and she knows: When it comes to foreclosure, bureaucracy and paperwork can be your friends. Her foreclosure process has lasted for nearly 900 days, and counting. For homeowners in dire financial straits, her story is a lesson in how to keep a roof over your head as long as possible.