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Bank of America, broker straight back revival of sub prime home loan market

Bank of America, broker straight back revival of sub prime home loan market

Oct. 22 (UPI) — 10 years following the subprime mortgage crisis, a large number of potential house buyers with woeful credit are lining up for zero down, low interest rate mortgages — supported by one of the primary banking institutions in the commercial.

Throughout this season, Bank of America and Boston-based brokerage that is non-profit Assistance Corporation of America are keeping occasions nationw

Especially, the teams are selling the loans to purchasers with bad or rehabbing credit, that has been one of several problems that contributed into the final meltdown — purchasers whom could not pay the mortgages that they had. Read More