Items Tagged with 'Bank of America'

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  • Bank of America raises minimum wage to $17 per hour

    Bank plans to boost wages to $20 per hour by 2021
    When Bank of America’s employees received their bi-weekly paychecks this week, the lowest dollar amount that any of them earned per hour was $17 after the bank officially increased its minimum hourly wage from $15 to $17 this month.
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  • Bank of America is raising its minimum wage to $20

    Announces pay raise day before congressional hearing on big bank behavior
    Bank of America plans to raise the minimum wage of its 205,000 employees this year, eventually boosting it to $20 per hour within the next two years. CEO Brian Moynihan said Tuesday on MSNBC that the bank will increase pay to $17 per hour starting May 1st, climbing incrementally until it lands at $20 in 2021.
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  • Bank of America aims to boost homeownership, will give borrowers up to $10,000 to close a loan

    Launches $5 billion affordable homeownership initiative
    Bank of America is committing $5 billion to help boost homeownership for “low- to moderate-income and multicultural homebuyers and communities” across the country, the bank announced Tuesday. And as part of the program, Bank of America is rolling out a host of new loan programs and options, including grants of as much as $10,000 to help a borrower close a loan.
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  • Here are the best workplaces in financial services

    Fortune ranks the best of the best
    Fortune and Great Place to Work have released the winners of this year’s award for the best workplaces in financial services, featuring companies both large and small that are known for valuing their employees and championing innovation. Here are the companies operating in the mortgage space that made the cut.
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  • loanDepot creates national sales leadership position, fills it with industry top gun

    New National Sales EVP John Bianchi will report directly to Chief Production Officer Dan Hanson
    In an effort to grow its retail channel, loanDepot CEO and Founder Anthony Hsieh recently announced John Bianch was appointed to the position of executive vice president of national sales. Hsieh said Bianch's hire positions the company to further invest in the tools, products and technology that today's retail loan officer needs to win.
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  • BofA: Home equity lending will be flat in 2019

    Here's why
    Some market analysts have predicted a pending boom in home equity lending, while others are not so sure. Bank of America sits firmly in the latter group. "There’s a case for it, and there’s a case against it," said SVP of Consumer Lending David Doyle, enumerating the reasons why "we do not predict it will explode."
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  • This is where Millennials are buying the most homes

    LendingTree reveals which metros have the most Millennial mortgage purchase requests
    In a recent report, LendingTree revealed that between Jan. 1, 2018 and Nov. 25, 2018, about one-fourth of all mortgage purchase requests made on its website came from Millennials. However, these three markets have the largest percentage of Millennial purchase requests.
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