Bank of America recently announced the launch of a new service designed to assist consumers with the purchase of a new or used car. The innovative online service, known as the Car Buying Center, allows consumers to browse listings of cars, comparing photos and reviews, and also guarantees low prices and significant savings with the [...]

Bank of America has been rated no. 1 compared to all other banks in terms of the dollar amount of credit provided as part of the Small Business Administration’s 504 loan scheme during the past fiscal year. The firm extended in excess of $297 million in first-trust deed loans and roughly $233 million in second-trust [...]

Almost 25,000 mortgage modifications were conducted by Bank of America for economically stressed homeowners in the month of October for an increase of approximately 8,500 over September. About 22,400 of the October modifications were proprietary fixes organized by the bank, and 2,600 were changed from trial plans to permanent modifications via the government’s Home Affordable [...]