BofA, NationsBank Mortgage Units Now Merged

April 01, 1999, 1:00 p.m. EST 1 Min Read

NationsBanc Mortgage Corp. and BankAmerica Mortgage became one mortgage company Thursday as a result of the merger of Bank of America and NationsBank.The new company, Bank of America Mortgage, becomes the nation's top mortgage servicer, with more than 2.7 million households and a servicing portfolio of $250 billion. It originates loans in 35 states and the District of Columbia and via three TeleMortgage Centers. (See the Mortgage Data Charts page for more information on top servicers and originators compiled by the Database Products Group, a MortgageWire affiliate.) Bank of America's website address is http://www.bankamerica.com, and NationsBank's is http://www.nationsbank.com.

For reprint and licensing requests for this article, click here.

MORE FROM NATIONAL MORTGAGE NEWS

Servicing

How flooring choices affect mortgage appraisals

Make the right lending decisions by being informed and knowledgeable on the impact of flooring during appraisals, upgrades, and resale evaluations.

By Casey Cartwright

September 12
Servicing

Roof red flags every mortgage lender should know

Roof damage can reduce a property's value and loan security. Lenders must know the warning signs that indicate major structural and financial risks.

By Casey Cartwright

September 12
Regulation and compliance

Equity Prime Mortgage fires back at HUD's FHA prohibitions

The federal regulator terminated the wholesale lender's FHA approvals in six jurisdictions because of certain elevated default and claim rate data.

By Andrew Martinez

September 12
The Great American Mortgage Corporation

Why MBA is renewing opposition to a Fannie-Freddie merger

The Mortgage Bankers Association leader cited past objections on anti-competitive grounds as Trump administration officials showed signs of progress on reform.

By Bonnie Sinnock

September 12
Housing markets

Inventory, demand continue to improve in housing market

Homes for sale inventory reached pre-COVID levels for the first time in years, while contract activity continued to soar last month, HouseCanary said.

By Colin McNamara

September 12
Cryptocurrency

LitFinancial turns to crypto for mortgage funding

The new litUSD is being issued on Ethereum and backed one-to-one with the dollar using cash and cash equivalents being held by LitFinancial in reserve.

By Brad Finkelstein

September 12