Headlines and Blogs from Around the Web
Bank of America Corp. (BAC), the third-largest U.S. mortgage lender, refused to give Paul Mataska the loan amount he needed last year after he had a six-month layoff from his job in 2012.
It is not likely that British techno band MARRS was referring to commercial mortgages in their 1987 chart-topping hit “Pump Up the Volume,” but it is a good theme for loans completed in September.
Bank of America (BAC) is preparing to lay off nearly 200 workers in its North Texas mortgage servicing operations center as the impact of the bank’s $16.65 billion toxic mortgage settlement is beginning to be seen throughout the entire mortgage industry.
Regulators recently offered a rare behind-the-scenes glimpse of what areas they are targeting for enforcement, saying that potential fair lending violations and how mortgages are priced and serviced remain top priorities for the future.
The Trulia Price Monitor and the Trulia Rent Monitor are the earliest leading indicators of housing price and rent trends nationally and locally.
Steve Horne, the founder, CEO and president of Wingspan Portfolio Advisors, was removed from leading the company he founded in 2008, multiple sources have told HousingWire.
Back when interest rates plummeted, homeowners with adjustable-rate mortgages ended up saving $150 per month on average, which dramatically reduced their chances of falling behind on their loans.
In the past year, the Justice Department has extracted almost $37 billion in penalties from three of Wall Street’s largest banks—JPMorgan Chase (JPM),Citigroup (C), and Bank of America (BAC)—for failing to warn investors about the toxic mortgages packaged into securities they sold before the 2008 financial crisis.
What some businesses find particularly irksome – and some consumer groups find particularly awesome – about the Consumer Financial Protection Bureau is its online complaint portal.
MERSCORP Holdings secured another legal victory against a disgruntled mortgagor who claimed that MERS lacked the authority to assign a mortgage, this time in Delaware.
A banker who sold mortgages on behalf of GMAC pleaded guilty in San Diego federal court Thursday to receiving more than $1 million in bribe payments while working on GMAC’s behalf, using his position and influence to ensure his customers won their bids to purchase mortgage notes.
Most people ask for a raise in the privacy of their boss's office. But one gutsy Wells Fargo employee emailed the CEO directly — and copied some 200,000 other Wells Fargo workers on the note.
The 1960 Ray Charles lyric -- “Them that’s got are them that gets” -- rings true today in the U.S. mortgage market.
Generation Mortgage is winding down its reverse mortgage originations business including retail and wholesale operations, the company confirmed Wednesday.
In the market for U.S. mortgage bonds, it’s almost as if the turmoil that became known as the taper tantrum never happened.
The Mortgage News Ticker is a collection of news articles, magazine stories and blog posts from around the web. The opinion expressed are those of the news sources and do not reflect that of National Mortgage Professional Magazine, NationalMortgageProfessional.com, NMP Media Corp. or its affiliates.