About Government Refinance and Home Purchase Programs

Information and Updates on Government Mortgage Programs
Filed under Government Mortgage Financing Programs News

We get this recent press release from Bank of America:

CHARLOTTE, N.C., Nov. 28 /PRNewswire/ — Bank of America today announced that it will create a second fulfillment center for government loan processing in Dallas, providing jobs to about 150 associates formerly supporting the bank’s wholesale fulfillment operations, which the bank announced last month it was closing effective Jan. 1.

“We will leverage the knowledge and skill of our Dallas-based wholesale associates to help the bank manage the strong growth in demand for our FHA and VA loan products,” said Bob Griffith, Bank of America Mortgage Fulfillment executive. “Texas is our strongest market for government loan programs, and we are thrilled to have the opportunity to grow our business there.”

Bank of America opened its first government lending fulfillment operations center in Jacksonville, FL, in June 2006. That facility employs about 300associates in its specialized government lending operations. Bank of America’s production volume for FHA and VA loans is expected to be nearly $2 billion in2007, more than double the volume from 2006.

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