The housing market remains in a slowdown despite a drop in mortgage rates
The bank's mortgage operations will move entirely online
The company allegedly “mistreated borrowers” who were attempting to save their homes from foreclosure.
Sales from February to March saw double-digit increases, while prices also sprung forward.
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Just as the student who takes too many academic shortcuts, constantly going after the easy-A in the mortgage business can have adverse consequences, too.
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The deal is likely to include cash, as well as a chunk of consumer relief and contribute to the $130 billion legal tab rung up by the big banks for their actions during the crisis.