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  • Magazine

Bank of America Offers Bailout

If you have a mortgage with Bank of America, and you owe more on your loan than your home is now worth, some relief could be on the way. Bank of America has announced plans to extend about $3 billion in loan forgiveness to 45,000 homeowners who are in dire straits. This is an enhancement to its National Homeownership Retention program, which was launched in 2008 to help borrowers stay in their homes by offering loan modification. The changes are also in response to a legal settlement between 43 state attorneys general and Bank of America subsidiary Countrywide Financial Corp. The deal was brokered by Massachusetts Attorney General Martha Coakley in March of this year and was in effect by mid-May. After acquiring Countrywide, Bank of America took on the task of completing the modification of many of the subprime mortgages doled out by its new subsidiary.

  • Entrepreneurship

Vote for the 2010 Small Business of the Year Nominees!

Here's your chance to vote for the company you feel is most deserving of the Small Business of the Year Award, presented to the small business owner whose efforts and/or entrepreneurial pursuits exemplify the passion and commitment needed to overcome adversity as well as attain success.

  • Entrepreneurship

Mission to Beijing: From Dialogue To Partnership

More than 40 of black America’s best and brightest joined the National Urban League on a global mission to plant the seed for what we hope will become a long-term, fruitful relationship with China and African-American communities and businesses. We came away from a meeting with the Department of International Cooperation and Exchange Deputy Director Shen Yang celebrating two significant commitments from the Chinese.

  • Magazine

Are you a smart and happy shopper?

“I view shopping as a sport. I experience and enjoy some type of physical exertion in going to different stores and finding good deals,” says Melisa Hamilton, student services coordinator...

  • Magazine

Growing With Demand

Last year, Steve Singleton, senior vice president and director of research at Robert Van Securities, recommended that BLACK ENTERPRISE readers invest in companies that showed signs of accelerated growth. The...

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