Actually, evidence shows the deduction already disproportionately benefits the highest-income homeowners while doing little to promote homeownership for middle- and low-income taxpayers.
Bank of America
(teaser) Homeowners accusing Bank of America’s Countrywide unit of using fraudulent appraisals to qualify them for...
Filed in 2013, the lawsuit seeks reimbursement of fees paid by home buyers for appraisals that allegedly violated industry standards and were manipulated to advance Countrywide’s mortgage loan business.
“There’s more to do after that,” Montag said Wednesday at a conference in New York. “How much technology can we do that...
Bank of America Corp. will keep cutting costs even after reaching its annual spending goal of $53 billion by finding more ways technology can replace people, Chief Operating Officer Tom Montag said.
"Our goal - going back to regulatory reform - is should you move the down payment requirement from 20 percent to 10? It...
The head of Bank of America Corp said on Thursday banks would be able to supply a bigger share of funding for home purchases if the standard down payment for buyers was cut to 10 percent from 20 percent.
The bank also said that Judge Klein's order for the Sundquists to donate money to five law schools associated with the...
The median punitive damages award in instances where someone violated bankruptcy's automatic stay protection is $4,500, the bank said.
The case brings renewed attention to the mortgage industry's loan servicing business. Judge Klein alluded to systemic...
A bankruptcy judge issued a $45 million fine against Bank of America Corp., calling the bank's treatment of a California couple who fought to save their home "brazen" and "heartless."
Athanasia said Bank of America will open 50 to 60 new branches over the next year, though Pace said the bank will also...
“With strong leadership positions in our businesses against a backdrop of rising interest rates, we are well-positioned...
Bank of America (BAC) CEO Brian Moynihan is excited about the prospect for higher interest rates.
According to the bank, politics shifted in a backlash to globalization. This is seen through Brexit, the election of...
Bank of America Merrill Lynch Global Research issued its outlook for 2017, and its experts are moving forward with cautious optimism.