[Bloody Sam Roberts]

Time bug outta BoA?

[Eric in the Ozarks]

The original Bank of America was headquartered in San Francisco and was the primary paymaster bank for Americans stationed overseas (Japan, S. Korea, the P.I., etc.)
Pity this bank has smeared the name.

[Kartographer]

Their Buddy ‘Bammy’ will bail them out. You have to remember BOA is just to big to fail.

[radioone]

Here are the financials on BofA as of March 31

http://banktracker.msnbc.msn.com/banks/north-carolina/charlotte/bank-of-america-national-association/

Check out any bank in USA at:

http://banktracker.msnbc.msn.com/banks/

[Georgia Girl 2]

BOFA has been insolvent for several years. They are only still around thanks to the govt bailout and using all of their REO’s to inflate their asset sheet. If they take the write down and sell those properties off for what they are really worth there goes the profit.

[hattend]

So if nobody buys BofA’s assets do I have to continue to make mortgage payments?

First Countrywide, now BofA... I’m hoping one of these days, I won’t have to pay.

[longtermmemmory]

in this day and age there is no reason whatsoever to do business with BofA.

BofA bought the “servicing rights” for mortgages and figured a small 3% default rate, instead they have a 15% or higher default and have problems establishing standing or even ownership of files and notes.

remember they ONLY hold servicing rights not ownership.