Bank of America Proposes No Payment Plan to Unemployed Homeowners


A concept that has been causing quite a stir around the country is Bank of America’s new proposal to suspend an unemployed homeowner’s mortgage payments for 9 months while the borrower looks for a job. As reported several weeks ago by The Charlotte Observer, Bank of America has applied for regulatory approval of a new [...]

May 11th, 2010 | Tags: , , , , , , , , , , , , , , , , , , , | Category: Business & Finance | Leave a comment

P2P Lending Could Come to Banks


Not too long ago, I jumped on the P2P lending bandwagon, giving Lending Club a try. There are a number of P2P lending sites, allowing for variations that include microloans to the poverty-stricken and student loan P2P lending that focuses on helping students with college costs. And now, if Prosper has its way, it will [...]

April 30th, 2009 | Tags: , , , , , , , , , , , , , , | Category: Business & Finance | Leave a comment