#1
2nd January 2017, 05:35 PM
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HARP Bank Of America
Hi buddy will you plz tell me about Bank of America HARP (Home Affordable Refinance Program), as my brother asking me about it ???
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#2
3rd January 2017, 11:53 AM
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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) |