Banks face questioning on Capitol Hill recently in respect to Home Affordable Modification Program (HAMP) compliance.
Bank of America Corporation (NYSE:BAC) company shares stood at 15.02 at the end of trading on 6/24/2010.
Bank of America Corporation (NYSE:BAC) Faces Capitol Hill Grilling
The four largest mortgage lenders in the United States including Bank of America Corporation (NYSE:BAC) to answer questions as to why it has modified so few home loans to home-owners facing foreclosure.
One lawmakers asked frankly, “Why are you denying loan modifications to my constituents?” Bank of America Corporation (NYSE:BAC) said it is in compliance and has completed more than 630,000 loan modifications since January 2008.
If you believe this is a good time to make a play on the Bank of America Corporation (NYSE:BAC) stocks, make sure you do it at the right price. Finding a gap in the market or technical analysis can be a hard task, but do take into account the historical price data:
Last Price: 15.02
52 Week Low / High: 11.27 / 19.86
50 Day Moving Average: 16.63
6 Month Price Change %: 1.6%
12 Month Price Change %: 26.2%
We will be monitoring the Bank of America Corporation (NYSE:BAC) stock level for developments over the next few weeks.
