The move comes as a response to anticipated dull market conditions
The two are part of its efforts to minimize taxpayer risk by increasing private capital’s role in the mortgage market
In yet another settlement, the largest U.S. bank has reached an agreement regarding the sale of almost $18 billion in shoddy mortgage securities it sold during the financial crisis.
One reader asks: "It appears that most of the loan officers in the industry are older like me and many have lost their drive due to the issues we have faced in the past. I have tried a few rookies, but my success rate is even lower. I know I must expand my sales staff, but what advice do you have?"
Affordable homes are lagging far behind higher-priced homes in the home price recovery, trailing the furthest behind their pre-crisis housing maximums. Black Knight Financial delves into why.
The recent plunge in oil prices could cause home prices to slip in the oil-producing markets and rise in others, but how long will it take to happen?
The FHA’s plan to lower annual mortgage insurance premiums could steer business away from the GSEs. Will Fannie, Freddie make adjustments to their guarantee fees and loan level pricing?
According to court documents, employees at the bank knew about, and even joked about, some borrowers' inability to pay on their mortgages.