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Category:
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Bank of America Exceeds $1 Billion in Lending and Investing to Community Lenders (Popularity:  )
https://www.bankofamerica.com
Bank of America today announced it surpassed the $1 billion mark in loans and investments to more than 120 Community Development Financial Institutions (CDFIs) in 37 states.CDFIs include credit unions, investment funds and niche banks that focus on low-income and disadvantaged communities. These local institutions have expertise in evaluating risk and lending and investing in small and micro businesses, charter schools, childcare centers, primary health care facilities, projects on Native ...
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Bank of America Extends More Credit in 2009 Than Any Other U.S. Bank (Popularity: )
https://www.bankofamerica.com
Bank of America today issued its fourth quarter Lending & Investing Initiative Report, noting the extension of more than $758 billion in credit during 2009, including nearly $180 billion during the fourth quarter alone. This quarterly report outlines the company's progress in driving economic recovery through 10 key areas, including lending to consumers and businesses of all sizes, support for municipalities and nonprofits, community development and other initiatives.The report, which ...
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Bank of America Extends Nearly $184 Billion in Credit in Third Quarter (Popularity: )
https://www.bankofamerica.com
Today, Bank of America issued its third quarterly Lending & Investing Initiative report, which outlines the company's progress in driving economic recovery through 10 key areas, including lending to consumers and businesses of all sizes, support for municipalities and nonprofits, community development and other initiatives.The report, which delivers on a commitment to provide greater transparency into the company's lending and investing efforts across the enterprise, demonstrates how Bank of America ...
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Bank of America Reports 21,000 Permanent Home Affordable Modifications Completed (Popularity: )
https://www.bankofamerica.com/
Bank of America has completed nearly 21,000 mortgage modifications under the federal government's Home Affordable Modification Program (HAMP), according to the bank's latest monthly progress report to the Department of Treasury. "We are in a position to show strong results in completion of permanent HAMP modifications as we move into spring," said Jack Schakett, loss mitigation strategies executive for Bank of America Home Loans. "We have a strong pipeline of ...
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Bank of America to Pay $713 Million in TARP Preferred Dividends (Popularity: )
https://www.bankofamerica.com
Bank of America Corporation today said the Board of Directors has authorized approximately $713 million in dividend payments to the U.S. government under the Troubled Asset Relief Program (TARP). The company this year has paid the government $1.83 billion in TARP dividends through September 30.Dividends related to the government's investment in the company under TARP include the following:The cash dividend of $312.50 per share, or a total of approximately $188 ...
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Bank of America to Repay Entire $45 Billion in TARP to U.S. Taxpayers (Popularity: )
https://www.bankofamerica.com
Bank of America today announced that it will repay U.S. taxpayers their entire $45 billion investment provided under the Troubled Asset Relief Program (TARP). The repayment will be made after the completion of a securities offering (see below).To date, Bank of America has paid $2.54 billion in dividends to the U.S. Treasury on the TARP investment. Repaying TARP will save the company approximately $3.6 billion in annual dividend costs from ...
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Bank of America to Sell First Republic Bank to Investors (Popularity: )
https://www.bankofamerica.com
Bank of America Corporation today announced it has signed a definitive agreement to sell First Republic Bank to a number of investors, led by First Republic's existing management, and including investment funds managed by Colony Capital, LLC and General Atlantic LLC.The transaction is expected to close in the second quarter of 2010, subject to receipt of all regulatory approvals. Terms were not disclosed.First Republic was acquired on Jan. 1, 2009 ...
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Bankrate: Mortgage Rates Drop Below 5 Percent Again (Popularity: )
http://www.bankrate.com/
Mortgage rates continue to yo-yo up and down, with the average rate on the benchmark conforming 30-year fixed mortgage rate falling back to 4.94 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.42 discount and origination points.To see mortgage rates in your area, go to http://www.bankrate.com/funnel/mortgages/.The average 15-year fixed mortgage retreated to 4.32 percent, while the larger jumbo 30-year fixed rate settled ...
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Bankrate: Mortgage Rates in Holding Pattern (Popularity: )
Mortgage rates showed little movement once again this week, with the average conforming 30-year fixed mortgage inching lower to 5.21 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.45 discount and origination points. To see mortgage rates in your area, go to http://www.bankrate.com/funnel/mortgages/The average 15-year fixed mortgage stepped down to 4.54 percent while the larger jumbo 30-year fixed rate held at 5.91 ...
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Bankrate: Mortgage Rates Keep Dropping (Popularity: )
http://www.bankrate.com
Mortgage rates fell to yet another low point this week, with the average conforming 30-year fixed mortgage rate dropping to 4.81 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.44 discount and origination points. To see mortgage rates in your area, go to http://www.bankrate.com/funnel/mortgages The average 15-year fixed mortgage also hit another new low, retreating to 4.26 percent, while the larger jumbo ...
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