Ouch. Looks like you BofA customers that always brag about how marvelous your bank is might want to start looking elsewhere. Ha! (I’m gloating, yes. My bank is small and relatively unknown because it’s only in NJ but it is AMAZING and I guarantee you it has better features than yours! Hehe.) Bank of America will now charge $5 a month to debit card holders who make purchases with their cards. Don’t fret just yet though. You have a little time to either deal with it or find a new bank, as the change doesn’t go into effect into 2012. More details below. Marisa Mendez
Bank Of America Sued By Homeowners To Block $8.5 Billion Mortgage Settlement
A group of borrowers sued Bank of America Corp to block its proposed $8.5 billion settlement over mortgage-backed securities losses. Hit the jump to read the rest of the story. @WiL
Warren Buffet Invests $5 billion Into Bank Of America
Have no fear, Mr. Buffet is here. Troubled financial giant Bank of America has a sign of relief thanks to Warren Buffet. Buffett’s Berkshire Hathaway announced today they would be investing $5 million into Bank of America. The company has been in trouble since acquiring Countrywide Financial Corp. in 2008, the biggest mortgage broker in America. We all know about the ups and mostly downs of the housing market in the past few years. Check out the full story on Buffet’s boss move after the jump. @ShottaDru
Woman, 70, & Terminally Ill Husband Face Losing Their Home For Paying Mortgage Too Early
A 70-year-old woman and her terminally ill husband face losing their home because she paid her mortgage a week early. Sharon Bullington, of New Port Richey, Florida, says that Bank of America has filed to foreclose on her and husband, James, 78. Continue reading after the jump. @capriSUNshine
Bank Of America Service Rep Transfers Call To Foot Fetish Hotline
Late night calls to Customer Service reps rarely have a stress-free beginning. But, one Bank of America Service Rep made sure a caller had a happy ending-by transferring him to a foot fetish hotline! Details after the jump. Emma Rabid
Major Mortgage Firms Accused of Fraud
My mom does mortgages and my dad investigates fraud for the NY banking department, so this topic is always brought up in my house. This situation is never good for the people that were scammed or the banks, but most importantly the people that were scammed! A set of confidential federal audits accuse the nation’s five largest mortgage companies of defrauding taxpayers in their handling of foreclosures on homes purchased with government-backed loans, four officials briefed on the findings told Huffington Post. @Ash_Bankz
