Headlines and Blogs from Around the Web
Wells Fargo has joined Bank of America on Florida Attorney General Pam Bondi’s list of possible violators of the $25 billion National Mortgage Settlement.
Treasuries dropped on concern the biggest monthly surge in yields since December will prompt investors to sell government debt as a hedge against losses on mortgage bonds as borrowing costs climb to a 14-month high.
Mortgage-backed securities prices plunged and then partially recovered on Tuesday as U.S. Treasury yields staged a brief run to their highest levels in 14 months, showing investors in the MBS issued by Fannie Mae (FNMA) and Freddie Mac (FMCC) remain on tenterhooks over the damaging effect of rising interest rates .
Borrowers should be ready for higher interest rates, as "rates are going to go up" JPMorgan Chase Chairman and CEO said at a financial services conference hosted by Morgan Stanley on Tuesday.
Bank of America Corp., the second-biggest U.S. lender by assets, is regaining market share in home loans after shrinking the business, according to Chief Financial Officer Bruce Thompson.
Putting aside questions of whether or not the Bank of America can successfully win judicial approval for the $8.5 billion settlement that it entered into with the Bank of New York Mellon, investors considering whether or not BoA stock belongs in their portfolio or not should ask themselves only, are the bank's fundamentals solid?
In effort to ease the transition into the new compliance and regulation rules by the Consumer Financial Protection Bureau, the bureau keeps releasing guides to provide an overview of the rules in a plain language.
The $1.2 trillion of mortgage-backed securities the Federal Reserve has amassed to stoke economic growth is creating a potential firewall that dealers say is shielding the bond market from a rapid decline as policy makers debate scaling back debt purchases.
The improving housing market and stable macroeconomic environment are helping to support the performance of legacy residential mortgage-backed securities performance.
I am in Atlanta for a couple days, visiting with the Atlanta Mortgage Bankers Association. Some of the conversations involve the $76 million that is going to 50,000 Georgia borrowers who, it was ruled through the National Mortgage Settlement Agreement, who were "improperly foreclosed on" between 2008 and 2011.
Non-bank mortgage services are drawing the scrutiny of regulators and finance giants Fannie Mae and Freddie Mac, who want to avoid a repeat of the housing crisis, Reuters reported.
A mortgage investment corporation is an investment and lending firm/vehicle designed specifically for mortgage lending (primarily residential mortgage lending).
A partner at Quinn Emanuel Urquhart & Sullivan, Daniel Brockett recently filed a Libor case with a twist: a fraud case against banks that set the benchmark rate brought by hedge funds that did Libor-pegged trades with the banks.
Negotiations that led to an $8.5 billion mortgage-bond settlement between Bank of America Corp. (BAC) and institutional investors were tense and combative, the bank’s chief risk officer testified.
When economic conditions are right, the Federal Reserve will likely start to wind down its bond purchases in small increments of $10 billion to $20 billion at a time, said St. Louis Fed President James Bullard on Monday.
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.