BANK OF AMERICA CONTACT US PROFESSIONAL
and Merrill Lynch Professional Clearing Corp. and Merrill Lynch Professional Clearing Corp., both of which are registered broker-dealers and Members of SIPC, and, in other jurisdictions, by locally registered entities. Trading in securities and financial instruments, and strategic advisory, and other investment banking activities, are performed globally by investment banking affiliates of Bank of America Corporation ("Investment Banking Affiliates"), including, in the United States, BofA Securities, Inc. Lending, other commercial banking activities, and trading in certain financial instruments are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. In 2011, it agreed to pay $335 million to settle a case with the Justice Department involving allegations that subsidiary Countrywide Financial charged higher rates and fees to Black and Hispanic borrowers due to their race or national origin."Bank of America" and "BofA Securities" are the marketing names used by the Global Banking and Global Markets divisions of Bank of America Corporation. Since email is not available for most topics, we suggest that you contact us by phone, by making an appointment, by visiting us at a financial center or by reaching out on our Facebook page layer (select the Get Help link) or on Twitter BofAHelp layer. The bank, meanwhile, approved 72 percent of applications from white homeowners.īank of America previously had its own issue with discrimination in the mortgage market. The areas picked out for redlining disproportionately affect homeowners of color, who struggle to get government-backed loans or earn only a fraction of home equity seen in greenlined neighborhoods.Ī Bloomberg News analysis showed Wells Fargo approved only 47 percent of refinance applications sent in by Black homeowners in 2020, well below the 71 percent acceptance rate from other lenders combined. For check copies from your line of credit account, please call us at 800.934.5626.
Redlining, the practice of denying mortgages to residents in neighborhoods deemed to be in risky investment areas, has been outlawed but has persisted in practice. If you're not an Online Banking customer, please contact us for assistance with your check copy request. Government and bank activity has largely exacerbated the problem. Help us continue to provide relief for millions of Americans during Hunger Action Month.
Buyers won’t be required to make down payments, closing costs or provide minimum credit scores. The program is being tested in several cities, including Dallas, Los Angeles and Miami.Īpplicant eligibility will be determined by income and location. As part of a growing team, this role will be involved in different aspects of the Remediation process which could include project lead work and/or operations work (account refund adjustments and maintenance, mail file prep and processing, reporting, radar data entry, quality and operation functions).
BANK OF AMERICA CONTACT US TRIAL
The bank’s Community Affordable Loan Solution trial program will offer mortgages to first-time homeowners in certain predominantly Black and Hispanic neighborhoods, the New York Times reported. A photo illustration of Bank of America CEO Brian Moynihan (Getty Images)īank of America is attempting to close the disparity between Black and white home ownership with a pilot program aimed at helping first-time buyers in Black and Hispanic neighborhoods.
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