What bank did Bank of America takeover?

Merrill Lynch
Bank of America agreed to pay $2.43 billion to settle a class-action lawsuit with investors who owned or bought its shares when the bank purchased Merrill Lynch in 2008. Bank of America acquired Merrill Lynch in late 2008 during the financial crisis.

How to get a Bank of America Mortgage?

Bank of America Mortgage offers consumers mortgage loans, loan refinancing and home equity loans. Bank of America Mortgage handles: To prequalify for a Bank of America mortgage, visit its website and fill out the prequalification application to see how much you’re eligible to borrow.

What are the restrictions for Bank of America Mortgage?

Bank of America Mortgage offers closing credits up to $7,500 and down payment grants of up to $10,000 to qualified applicants. The programs can be combined for a total possible benefit of $17,500. Eligibility requirements include income caps, geographical restrictions, occupancy restrictions (primary residence only), and loan limits.

How many Bank of America Mortgage reviews are there?

Bank of America is one of the three largest banks in the U.S. It provides mortgage loans, loan refinancing and home equity loans for consumers in every state. How do I know I can trust these reviews about Bank of America? 3,217,564 reviews on ConsumerAffairs are verified. We require contact information to ensure our reviewers are real.

What to do if you have a complaint about a mortgage company?

Complaints About Mortgage Companies. If you have a complaint against a mortgage company, try to resolve it with the company first. Several government agencies accept complaints about mortgage lenders. In some cases, you should file your complaint with more than one agency, especially at the federal and state level.

When did the Bank of America mortgage deal close?

Since July 1, 2008, when the deal officially closed, the bank’s mortgage business has lost $52.7 billion through the first half of this year, the Observer found.