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Bank of America funds $3 billion no-down mortgage plan
The nation’s largest bank will back a $3 billion program for low and moderate income borrowers offering no down payment, no application fee, and no closing costs. Neighborhood Assistance Corp. of America will oversee the effort, steering loans to about 100,000 borrowers across 14 cities starting Tuesday.
MENTIONED IN THIS ARTICLE
Boston
Bank of America
Neighborhood Assistance Corp. of America
Bruce Marks
Marks
Neighborhood Assistance Corp
Robert Johnston
Jacksonville
Fla
Los Angeles
Memphis, Tenn
Washington, D.C
Dallas- Fort Worth
Houston
Oakland
Calif
Sacramento
San Antonio
Tampa, Fla