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Archive for the 'Bank of America' Category

Levitt & Sons allowed to abandon home lots

Wednesday, November 28th, 2007

Fort Lauderdale based home builder, Levitt and Sons received permission from the bankruptcy court to walk away from 4,000 residential lots that served as collateral on loans from Bank of America and KeyBank. (more…)

Posted in Bank of America, Central Florida Housing Market, Home Builders, KeyBank, North Florida Housing Market | No Comments »

Bank of America cuts 3000 jobs

Thursday, October 25th, 2007

Bank of America announced on Wednesday it plans to cut 3,000 jobs just a week after announcing profits dropped 32 percent. (more…)

Posted in Bank of America, Banks, Mortgage Lender | No Comments »

Bank of America reports 32 percent profit drop

Thursday, October 18th, 2007

Bank of America announced a 32 percent drop in profits during its third quarter announcement on Thursday. (more…)

Posted in Bank of America | No Comments »

Bank of America takes $1 Billion Mortgage Loss

Tuesday, October 9th, 2007

Bank of America is absorbing a charge-off of $1 billion in its upcoming third quarter earnings statement according to a Sanford Bernstein analyst. (more…)

Posted in Bank of America, Chase, Mortgage Lender | No Comments »