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B of A: No-Fee Mortgage Is a Balance Sheet Play.
- Source :
- American Banker; 5/8/2007, Vol. 172 Issue 88, p1-11, 2p, 1 Color Photograph
- Publication Year :
- 2007
-
Abstract
- The article discusses mortgages offered by Bank of America Corp. According to the author, the company is shifting from selling loans in the secondary market to holding them in portfolio. This has allowed them to offer no-fee mortgages. According to company president Floyd Robinson, a large part of the product's savings is due to the elimination of private mortgage insurance.
Details
- Language :
- English
- ISSN :
- 00027561
- Volume :
- 172
- Issue :
- 88
- Database :
- Complementary Index
- Journal :
- American Banker
- Publication Type :
- Periodical
- Accession number :
- 25037448