After agreeing to pay $110 million just last month to settle claims over its fake-account scandal, the banking giant has just tacked millions more onto the payout
The plan would, among other changes, create a federal insurance fund that would insure mortgage-backed securities
While many economists are predicting a rise in mortgage rates in 2015, Bank of America Merrill Lynch analysts are forecasting differently.
Asking prices are rising faster in Gen X, boomer, and senior markets than in millennial markets. But there’s a mismatch in where young adults live versus where they can afford to buy a home. For many millennials, homeownership will require moving to a cheaper market.
Fannie Mae has expanded its risk sharing offerings with the announcement of a deal, which transfers the credit risk on a pool of loans.
In our industry--an industry that has taken quite a few hits in the media in recent years--establishing trust is even more important.
Five-star Lender Impac Mortgage is currently in negotiations to acquire the mortgage origination business of a leading mortgage originator, according to a recent SEC filing.
The House narrowly passed a spending bill that would roll back part of Dodd-Frank, but the bill still faces stiff opposition in the Senate from Elizabeth Warren and her supporters