Headlines and Blogs from Around the Web
With the tens of billions of dollars or legal settlements being announced by major banks in recent months – many of the agreements cover the issuance of crap-laden mortgage backed securities last decade – one could easily come to the conclusion that our biggest financial institutions have turned into docile punching bags.
As the great Yogi Berra once said, "it's déjà vu all over again." Right now, millions of Americans are still struggling to recover from the 2008 financial collapse.
It hasn't been the easiest of years for JPMorgan Chase ...
I've been bullish on Bank of America (BAC) since early in 2013, citing that I'm happy with the job current CEO Brian Moynihan is doing.
The Census Bureau released a combined report on the Value of Construction Put in Place for both September and October on Monday.
McGraw Hill Financial Inc. (MHFI)’s Standard & Poor’s unit said the U.S. government has broadened the securities covered in its fraud lawsuit against the ratings company so that the case would be unmanageable at trial.
Big banks are in the soup again for home loans made during the freewheeling years right before the financial crisis.
The true measure of a career is to be able to be content, even proud, that you succeeded through your own endeavors without leaving a trail of casualties in your wake.
The merits of an individual loan officer far outweigh the identity of his or her firm when it comes to choosing a new LO with whom to work, writes the Mortgage Professor Jack Guttentag in a recent column.
Bank of America shares are up 36 percent this year and have hit 52-week highs more than two dozen times – suggesting investors believe that Brian Moynihan, about to enter his fifth year as CEO, is delivering on cost-cutting promises and cleaning up the bank’s legal issues, analysts say.
Huge legal costs at J. P Morgan Chase & Co and slowing demand for mortgages as interest rates rose caused the first decline in bank profits since 2009, a third-quarter regulatory update said on November 26.
The most popular type of mortgage for buyers with low down payments keeps getting pricier and less appealing as more buyers question whether it's still worth getting an FHA loan.
Profits at the nation's banks fell 3.9% in the third quarter of 2013 compared with a year earlier, the first such decline since 2009, as the industry grappled with higher interest rates that led to a drop in mortgage activity, the Federal Deposit Insurance Corp. said Tuesday.
The homebuilder stocks reacted quite bullishly to the release of the Case Shiller home price index and the housing permits data this morning.
A federal judge has dismissed a lawsuit filed by 14 Kentucky county attorneys against a mortgage registration firm.
What will happen to the economy after the Federal Reserve begins to slow down its current quantitative easing?
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.