Looking past the headline: Bank of America’s “new” CRA loan
Published 5 months ago
Here is the link to the misleading article: https://www.nbcnews.com/business/consumer/bank-america-zero-down-payment-mortgage-first-time-buyers-details-rcna45662
Here is the link to the press release form Bank of America directly: https://newsroom.bankofamerica.com/content/newsroom/press-releases/2022/08/bank-of-america-introduces-community-affordable-loan-solution--t.html
Notice the difference in the spin put on the information? At the end of the day, Community Reinvestment Act (CRA) loans are nothing new and are FANTASTIC for borrowers who fit in that box.
Please do not hesitate to reach out to me if I can answer any further questions about this.
Fed Raises Interest Rates by 0.75 Percentage Point for Third Straight Meeting
Published 4 months ago