Items Tagged with 'Bank of America'

ARTICLES

  • Bernie Sanders wants to break up the nation’s biggest banks (again)

    Sanders repeats campaign call to break up big banks
    Back when he was a presidential candidate, Sen. Bernie Sanders, I-VT, called for sweeping reforms to the nation’s financial system, including breaking up the big banks. And now, he's at it again. On Wednesday, Sanders announced that he is introducing the “Too Big to Fail, Too Big to Exist Act,” which would break up JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs, and Morgan Stanley.
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  • Bank of America says existing home sales have peaked

    BofA economists say the housing market is in neutral thanks to declining affordability
    Economists at Bank of America Merrill Lynch are waiving the white flag: The largest segment of the housing market has peaked. According to a research note released on Friday, the research team led by Michelle Meyer said: “We are calling it. Existing home sales have peaked.”
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  • The National Mortgage Settlement is officially over

    Monitor’s office to shut down by end of 2018
    One of the vestiges of the financial crisis is now officially in the past. The National Mortgage Settlement, the epic, massive mortgage servicing settlement between the federal government, 49 states (all excluding Oklahoma), and five of the nation’s biggest banks and mortgage servicers, is now done and complete. RIP.
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  • Rebecca Steele, the "face of the housing crisis," finds new home at nonprofit credit counselor

    Former Countrywide exec will now lead the National Foundation for Credit Counseling
    Once dubbed “the face of the housing crisis,” Rebecca Steele has now been hired as the president and CEO of the National Foundation for Credit Counseling. In her new role, Steele will build support and momentum for the NFCC national member network of nonprofit organizations, and in addition to this, she will leverage her 20 years of financial services experience to improve the organization and push forward its consumer-focused programs.
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  • Department of Justice rescinds housing discrimination guidance

    Several racial discrimination cases are pending
    The Department of Justice announces it will rescind 24 guidance documents on a wide range of issues, including housing discrimination. Recently, several stories of racial discrimination in the housing market have managed to become pending legal cases. Will there be more?
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