Who is: BANA CWB CIG HFI 1st Liens??

[hamburgler]

Hello all,

Just got a letter from BOA notifying me of a name change to the servicer of my loan. In FC post CH7.

The letter states the creditor is BANA CWB CIG HFI 1st Liens. I am trying to figure out who the "real" creditor is and if BANA...HFI 1st Liens is an arm of BOA or a separate entity BOA is servicing for.

Thank you!!

[LadyInTheRed]

I've seen BOA abbreviated as BANA. It is apparenlty the abbreviation they use for mortgages.

I did some Google searching on the rest. Here's what I think the other mean:

CWB = CWB Mortgage Ventures, LLC, which was a subsidiary of CountryWide and now of BoA.
CIG - Corporate Investment Group, another subsidiary of BOA
HFI = Held for Invesment. It's a classification of a loan. BoA has a HFI loan department.

So, it looks like it's still owned by BOA. Probably just their way to internally keep track of the loan details.

[hamburgler]

Thank you LadyInTheRed!

[despritfreya]

BANA ='s Bank of America, N.A. ='s Bank of America, National Association (FDIC designation for national banks, I believe).

Des.

[jesseg]

I rec'd the same letter yesterday, I believe the same creditor you say was on your letter, threw me off as well!

[spidge]

In respomse I wonder if you requested a copy of the deed they could even supply it.