Bank of America Corporation (NYSE:BAC) has launched a new ‘Mortgage to Lease’ rental program.
Bank of America Corporation Launches Mortgage To Lease Program
Bank of America Corporation (NYSE:BAC) has launched a new rental program called ‘Mortgage to Lease’ to help homeowners who are facing foreclosure.
The new program will allow homeowners to stay in their homes as renters, with the company retaining the ownership of the homes.
Bank of America Corporation (NYSE:BAC)’s Legacy Asset Servicing executive Ron Sturzenegger said, “This pilot will help determine whether conversion from homeownership to rental is something our customers, the community and investors will support”.
Bank of America Corp. (NYSE:BAC) stocks were at 9.75 at the end of the last day’s trading. There’s been a 75.2% change in the stock price over the past 3 months.