Tag Archive | "bank of america"

Bank Of America Privacy Neglect?


Ok, so my personal banker showed all of my files and private information including address’s, fictitious business name & number, and statements all to my former boss. All this was requested by my former boss. At the time i left the company to work independently, when 2 co-workers told me they saw my banker reviewing my files with my ex-boss. The company is not an affiliate of BOA. What can I do? i want it to stop ! thank you for all your opinions.

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Am I Eligible For Obama’s Home Affordable Refinance Plus Program?


Here are the facts. I live in a 1 bedroom condo in a complex with about 100 units. My mortgage is around $185k. The value of my home has been cut in half since I refinanced about 3 years ago to about $120k (I am underwater on mortgage now by about 50% due to price value drop). I have never missed a mortgage payment and should have much trouble making the payments in the future. I am unemployed..forced into early retirement about 8 years ago due to layoff and was unable to find another suitable position, probably due to my age and the bad market. I am now about 58 years old. My current mortgage rate is about 5.7%.
My mortgage is with PHH Mortgage, which I got through Merrill Lynch before they were bought by Bank of America. I think PHH is affiliated with Fannie Mae, but not sure.
Am I eligible? Can I lower my mortgage? And…will there be any fees to do this if I am?..I read that I wouldn’t have to get another appraisal, but am not sure.
Someone in the know…please advise. Thanks.

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