#1
13th May 2017, 02:44 PM
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Harp II Bank Of America
Hi buddy here I have come to know about Bank Of America Home Affordable Refinance Program (HARP) , so would you plz tell me about the same ??
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#2
13th May 2017, 02:49 PM
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Re: Harp II Bank Of America
Bank of America is a multinational banking and financial services corporation headquartered in Charlotte, North Carolina. As you asking I am telling Bank Of America Home Affordable Refinance Program (HARP) 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. Eligibility One is Eligible for Bank of America 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 company Traded as NYSE: BAC S&P 100 Component S&P 500 Component ISIN US0605051046 Industry Banking, Financial services Predecessor Bank America NationsBank Founded October 17, 1904; 112 years ago (as Bank of Italy) February 1930; 87 years ago (as Bank of America) October 1998; 18 years ago (current) Founder Amadeo Giannini Headquarters Charlotte, North Carolina Number of locations 4,600 retail financial centers & approximately 15,900 automated teller machines Area served Worldwide Key people Brian Moynihan (Chairman and CEO) Products Consumer banking, corporate banking, insurance, investment banking, mortgage loans, private banking, private equity, wealth management, credit cards, Revenue US$83.701 billion (2016) Net income US$17.906 billion (2016) AUM US$886.148 billion (2016) Total assets US$2.187 trillion (2016) Total equity US$266.84 billion (2016) Number of employees 208,000 (2016) Divisions Bank of America Home Loans, Bank of America Merrill Lynch Subsidiaries Merrill Lynch Merrill Edge U.S. Trust Capital ratio 10.8% (2016) Rating Long Term Senior Moody's: Baa1 (10/2016) S&P: BBB+ (10/2016) Fitch: A (10/2016) |