Bank Of America

Bank Of America, Even as the company reported a $2 billion profit in the fourth quarter Thursday, what was once the country’s largest bank continued to shrink, shedding tens of billions of dollars from its balance sheet and laying off nearly 7,000 employees.

The results mark the clearest evidence so far of CEO Brian Moynihan’s view that bigger isn’t better, and Wall Street seemed to agree — Bank of America shares rose more than 2 percent to just below $7 a share, the highest level since October. The boost was a rare break for long-suffering Bank of America investors, who watched its shares dive by more than 50 percent last year.

While the profit was a turnaround from the fourth quarter of 2010, when Bank of America lost $1.2 billion, it was largely a result of one-time gains. They included $2.9 billion from the sale of a stake in China Construction Bank and $1.2 billion on the exchange of preferred stock for common stock.

Bank Of America Website Down

Bank Of America Website Down, Mortgage rates today with top U.S. lenders appear to have stayed the same as yesterday, except for those with Chase Mortgage, where they are even more. Bank of the U.S. mortgage section of their website is down today. Therefore we do not see rates BofA today.

Mortgage rates have continued to make it this whole week. This trend goes even further today with adjustable rate mortgages to the Chase, which fell more than 4% to just above 3%. This happened with Chase 7 years and 5 years Variable rate mortgages.

If your looking for a home loan variable rate mortgages Chase could be the lender to continue today. Remember to make the turn at the top lenders for the best deals on mortgages at fixed rates.

Rates Chase Mortgage Purchase:

30-year fixed rate 4.750%
15-year fixed 4.000%
7 / 1 ARM 3.750%
5 / 1 ARM 3.250%

Chase refinancing:

30-year fixed rate 4.750%
15-year fixed 4.000%
7 / 1 ARM 3.750%
5 / 1 ARM 3.350%
Wells Fargo Home Mortgage Purchase Rates:

30-year fixed rate 4.875%
30-year fixed rate 4.750% FHA
15-year fixed 4.250%
5 year ARM 3.375%
5 year ARM FHA 3.250%
Wells Refinance

30-year fixed rate 4.875%
30-year fixed rate 4.750% FHA
15-year fixed 4.250%
5 year ARM 3.500%
5 year ARM FHA 3.250%
Rates PNC Mortgage Purchase:

10-year fixed rate 4.125% – 4.875%
15-year fixed rate 4.250% – 5.125%
20-year fixed rate 5.000% – 5.750%
30-year fixed rate 4.875% – 5.375%
PNC refinancing:

10-year fixed rate 4.125% – 4.875%
15-year fixed rate 4.250% – 5.125%
20-year fixed rate 5.000% – 5.750%
30-year fixed rate 4.875% – 5.375%

Source: http://www.loansafe.org/today%E2%80%99s-top-mortgage-lender-rate-report-for-1142011-by-loansafe-org

Bank Of America Online

Bank Of America Online, For Public Safety Officials have declared a ban on driving, Now Driving has been ban in South Buffalo, hit hard by snowstorms. Mayor Brown issued the ban say the city will only allow public safety and emergency vehicles will be allowed to travel until further notice.

All residents of South Buffalo are requested to avoid any unnecessary travel by car and advice non-residents to avoid travel to or through this part of Buffalo.

City needs public cooperation to enable these teams to remove snow from major roads and emergency in the region, as well as residential streets.

Roadblocks are set up in South Buffalo South Park Avenue and Smith Street, Smith Street and Seneca Street and Bailey Avenue and Clinton Street.

The city has also deployed Snow City All control equipment against Buffalo South. But the mayor promised that the storm hits the rest of the afternoon the city Thursday, they will be ready to fight against the snow.

The National Weather Service office in Buffalo reports the amount of snow fall in the unofficial South Buffalo was two feet.

Cheektowaga, Lancaster and Depew, continue to be severely affected by snow.

There are travel bans in Depew and Lackawanna. There is no unnecessary travel in Cheektowaga, Lancaster and West Seneca.

The state Thruway is now closed westbound from Exit 51at Kensington exit 56 eastbound in Hamburg and from Exit 57 in Hamburg for the 290.

Erie County Emergency Services sent buses to pick up stranded drivers start Thruway. Some had been blocked since Wednesday night. Motorists are transported to central heating.

One of these centers was established by the Red Cross in Cheektowaga Senior Center on Broadway. The last time, officials of the Red Cross were the creation of the center for those seeking shelter.

State police and crews are also empty cars and commercial vehicles lined up along the Thruway.

The Department of Highway Amherst is sending equipment and teams to help dig the snow capped Depew.

Schools in affected areas closed Thursday, including all schools in Buffalo. But North Buffalo, Amherst, Tonawanda are relatively free of snow with just a dusting of an inch on the ground.