Of many commenters recommended Financial from America to retain Nationwide staff to help properly address borrowers’ means, and lots of commenters suggested one Bank of America preserve Countrywide’s head office and you may mortgage upkeep headquarters
In total, everything 770 someone and you will communities registered comments on proposition thanks to oral testimony, composed statements, or bothmenters provided people in Congress, your state regulators institution, community groups, nonprofit organizations, users regarding Bank out of America or Countrywide, or any other interested teams and folks.
Many commenters served new proposition. Many commenters meant for new suggestion commended Financial from The united states because of its commitment to regional teams and you can demonstrated good feel into the sensible mortgage, small company, and you may people invention software of the organizationmenters along with praised new determination off Financial out-of America to provide CRA-related products, for example reasonable home loan points, informative seminars, and you will mortgage loans, to help with people creativity products. Likewise, commenters recognized Bank from America’s charity contributions and you can indexed one to officers and you will teams of the organizations frequently offered worthwhile qualities to area organizations once the board users and volunteers.
A large number out-of commenters compared new proposal, asked your Board approve the brand new proposition at the mercy of certain criteria otherwise expressed issues about new offer. Continua a leggere “Likewise, commenters expressed concern with Financial out of America’s plans to own partnering Countrywide’s procedures, enterprize model, and you will administration”