"We wanted to help a larger swath of borrowers attain the American dream"
Cuts were necessary to keep its mortgage product competitive, the company said
It turns out Bank of America isn’t the only big lender in hot water over allegations of discriminatory practices, as a large lender's subsidiary has agreed to settle over allegations that it discriminated against African American and Hispanic borrowers
Wells Fargo has reached a $335 million settlement with the federal government over claims it misled investors about the quality of mortgage-backed securities
A major lender has entered an agreement that will see it pay out $93.5m to Fannie Mae
The Federal Housing Finance Agency has fulfilled a promise it made last March, on Tuesday instructing Fannie Mae and Freddie Mac to prohibit mortgage servicers from being reimbursed for expenses related to lender-placed insurance
The head of the American Bankers Association asked Congress Tuesday to maintain a federal backstop for the mortgage market
A federal appeals court has upheld the dismissal of a lawsuit against Freddie Mac that alleged the mortgage finance giant had concealed its tottering financial position prior to the 2008 meltdown