Moody’s will pay hundreds of millions to settle allegations that it habitually inflated ratings of shoddy mortgage-backed securities during the run-up to the financial crisis
Wells Fargo’s fake accounts scandal is putting a damper on its mortgage referral business, according to CEO Tim Sloan
Following its recent acquisition of Citizens Bank, First Merit Bank may be cutting jobs in its “re-branding” of their branches in Michigan and Wisconsin
A unique financing strategy is helping Texas continue its first-time homebuyer strategy
A construction summit will make the case to commercial and residential lenders for development in an oil-rich region
A large non-bank lender has signed a major software developer to manage its rehab loan portfolio
Bridge financing is short-term financing, sometimes referred to as private money or hard money. Bridge loans are typically made by private individuals and not banks, so the interest rates on bridge loans are higher than bank loans.
Both Bank of America and Fannie Mae have had to fork out to meet a conciliation agreement with HUD