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Bank of America MortgageBank of America traces its roots all the way back to the Bank of Massachusetts, founded in 1784, but the real story of Bank of America begins in San Francisco shortly after the 1906 earthquake. Bank of Italy, owned and founded by Amadeo Giannini, became the primary banking institution of the area. In the 1920’s it merged with another California bank, Los Angeles-based Bank of America. Giannini was an innovative character and continually modernized banking practices. Bank of America merged, acquired and expanded its way across the nation and now has 5,800 locations covering some 30 states and the District of Columbia. Bank of America is the second largest bank in the US by assets (behind Citigroup). Request a free mortgage quote today! >>Bank of America originates loans in all 50 states as well as the District of Columbia. Rates and programs vary by region, but the basic loan programs apply across the board. Here are some of their options: Request a free mortgage quote today! >>Loans Funded by US Bank Mortgage Company
Recent Bank of America Mortgage NewsBank of America supports live chat with a loan specialist while the customer is on their website. They also prequalify online. One may visit a branch office to discuss loan options or call a Bank of America Loan Specialist Mon-Fri 8am-11pm EST or Sat. 9am-5pm EST. In early 2006 Bank of America and MBNA merged, and MBNA is now part of Bank of America. This merger should afford the customers of both companies greater financial services and solutions. While not many changes will affect customers immediately, one positive change is that MBNA customers will now have access to Bank of America’s extensive ATM network without being charged a fee. Things are not all rosy for Bank of America, however. In 2004, a California jury decided that Bank of America had illegally raided the Social Security benefits of a million customers. The jury awarded damages that could exceed $1 billion. Bank Of America had been accused of withholding customers' direct deposit social security benefit payments in cases where a debt is owed to the bank (e.g.: overdrawn account, monthly service fees, etc.); this is in direct violation of California state law. The suit claims that BofA knew about the law and concealed the facts of this law from their customers. BofA counters that it only followed standard industry practice of using monthly preauthorized direct deposits to cover overdrafts and the like. Request a free mortgage quote today! >> Bradford Mortgage is not directly affiliated with any mortgage broker or lender and cannot make any guarantee as to the lender affiliation of any broker or agent which contacts you. Company information on our site is for informational purposes only.
Bradford Mortgage is not directly affiliated with any mortgage broker or lender and cannot make any guarantee as to the lender affiliation of any broker or agent which contacts you. Company information on our site is for informational purposes only. This site is not a broker and does not collect or solicit mortgage applications. Content is for informational or comparison purposes only. Services are not available in New York. Products and services may not be available in all other states. |
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