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3rd January 2017, 11:53 AM
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Join Date: Aug 2012
Re: HARP Bank Of America

Bank of America is an American multinational banking and financial services corporation headquartered in Charlotte, North Carolina.

As you asking I am telling In bank of America Home Affordable Refinance Program is start to help make monthly mortgage payments more affordable for customers who may not have sufficient equity in their home to qualify for traditional refinancing.

You may be eligible to refinance your home loan under the Home Affordable Refinance Program (HARP), if:

Your home loan is owned by Fannie Mae or Freddie Mac

Your existing loan must be dated on or before May 31, 2009

You're current on your mortgage payments

within the past twelve months, you've been more than 30 days late with your payment only once

within the six months immediately before you apply for your refinance, you've not been 30 days or more late with your payment

Bank profile :

Type Public

Traded as NYSE: BAC

S&P 100 Component

S&P 500 Component

Industry Banking, Financial services

Predecessor Bank America

NationsBank

Founded October 17, 1904; 112 years ago (as Bank of Italy)

February 1930; 86 years ago (as Bank of America)

1998; 18 years ago (current)

Founder Amadeo Giannini

Headquarters Charlotte, North Carolina, United States

Area served Worldwide

Key people Brian T. Moynihan

Chairman & CEO

Products Consumer banking, corporate banking, finance and insurance,
investment banking, mortgage loans, private banking, private equity, wealth
management, credit cards,

Revenue US$82.50 billion (2015)

Operating income US$21.89 billion (2015)

Net income US$15.89 billion (2015)

Total assets US$2.185 trillion (2016)

Total equity US$256.2 billion (2015)

Number of employees 210,516 (2016)

Divisions Bank of America Home Loans, Bank of America Merrill Lynch

Subsidiaries Merrill Lynch

U.S. Trust

Capital ratio 10.2% (2015)

Rating Long Term Senior

Moody's: Baa1 (10/2016)

S&P: BBB+ (10/2016)

Fitch: A (10/2016)


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