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Bank of America Corporation Sees Rental Market Possibilities


Bank of America Corporation (NYSE:BAC) has eyed the prospect of turning struggling homeowners into renters.

Bank of America Corporation Sees Rental Market Possibilities

It has been rumored that Bank of America Corporation (NYSE:BAC) is planning to launch a program, which would be an alternative to foreclosure.

The program is expected to allow homeowners on the brink of foreclosure to remain in their homes as renters.

According to Bank of America Corporation (NYSE:BAC) officials, the bank is in the very early stages of exploring such a program.

Dan Frahm, Bank of America Corporation (NYSE:BAC) spokesman, said that, “Bank of America Corporation (NYSE:BAC) doesn’t have any program tied to that name that is rolling at this point. Bank of America Corporation (NYSE:BAC) continues to explore various options and of course would pilot anything we would do”.

Bank of America Corp. (NYSE:BAC) stocks are currently standing at 7.88.

Bank of America Corporation Sees Rental Market Possibilities
Price History
Last Price: 7.88
52 Week Low / High: 4.92 / 14.7
50 Day Moving Average: 6.79
6 Month Price Change %: 1.6%
12 Month Price Change %: -43.6%


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