Even as reports continue to show that getting a mortgage loan at Bank of America is difficult for many people, SEC filings show that the Charlotte bank has no problem extending financing to firms that do offer high-cost loans.

A recent example is the loan arranged by Bank of America for America’s Car Mart last October. Bank of America (more…)

Bank of America  has reached a 5-year agreement to offer a large line of credit to one of America’s largest payday lenders.

In an SEC filing distributed to the public last week, payday lender Advance America (more…)

It turns that if a mortgage lender treats a small-town attorney with disdain and indifference then it is fairly likely that they will show the same disregard for good business sense.

I was in for a surprise when I called my long-time real estate attorney about my upcoming (more…)

In a move that seems to contradict any analysis of public sentiment, Bank of America just rewarded two departing executives with millions of dollars in severance.

Bank of America awarded Sallie Krawcheck and Joe Price with $11 million in severance. B of A released both from their contracts. Each had just one year remaining on their (more…)

Some details on why Bank of America is in so much trouble:

• Almost one in three Bank of America borrowers are underwater: In its most recent 10-k, Bank of America reports that 32 percent of the loans in its mortgage portfolio have loan-to-value ratios that are greater than 100. Excluding loans from Countrywide, the number is still high: (more…)