Why Banks Keep Messing Up With Homeowners
The following video is from Thursday's installment of The Motley Fool's Financials show, in which analysts Matt Koppenheffer and David Hanson highlight for investors the most important stock news from the financial sector.
In this segment, Matt discusses further accusations against banks that, in terms of foreclosures, they aren't adhering to what was set out in the National Mortgage Settlement. Matt and David talk about why this is concerning, and why it could potentially be a major impediment to progress, as big banks such as Bank of America continue to recover from the financial crisis.
Bank of America's stock doubled in 2012. Is there more yet to come? With significant challenges still ahead, it's critical to have a solid understanding of this megabank before adding it to your portfolio. In The Motley Fool's premium research report on B of A, analysts Anand Chokkavelu, CFA, and Matt Koppenheffer, Financials bureau chief, lift the veil on the bank's operations, including detailing three reasons to buy and three reasons to sell. Click here now to claim your copy.
The relevant video segment can be found between 0:00 and 1:35.
The article Why Banks Keep Messing Up With Homeowners originally appeared on Fool.com.David Hanson owns shares of JPMorgan Chase & Co.. Matt Koppenheffer owns shares of Bank of America and JPMorgan Chase & Co.. The Motley Fool recommends Bank of America and Wells Fargo. The Motley Fool owns shares of Bank of America, Citigroup Inc , JPMorgan Chase & Co., and Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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