Headlines and Blogs from Around the Web
There are so many news stories today that demonstrate how out of whack things have become in America today that it would be impossible for anyone to point even 1% of them out to you.
Maybe size doesn’t matter. The whopping $17 billion settlement expected next week from Bank of America over its soured mortgage-backed securities may be the biggest ever against a single bank — but for aggrieved homeowners that might not be enough.
As Bank of America prepares for a possible multibillion-dollar settlement with the government, the deal is expected to share a feature common to similar settlements with other banks – a big portion that’s tax-deductible as a business expense.
Read more here: http://www.charlotteobserver.com/2014/08/15/5106947/bofa-expected-to-wri...
While regulatory guidelines introduced this year have had little effect on lenders' strategies so far, most still anticipate a tougher operating environment ahead, according to an analysis of responses in a recent Fannie Mae survey.
Last week, I spoke at the Colorado Mortgage Lenders Convention in Vail. I know what you are thinking: That Garth is amazing. He's willing to sacrifice the summer sauna conditions of South Florida for the cool clear mountains of Colorado. I am committed to my craft and duty called for me to head West.
Real estate and flood hazard groups are urging the Department of Housing and Urban Development to make permanent a waiver that has allowed homeowners to use 203(k) loans to repair and elevate their homes to prevent future flood damage and lessen the financial burden of flood insurance requirements.
When JPMorgan Chase agreed to settle mortgage-related securities claims for a record-breaking $13 billion last fall, the deal was hailed in many corners as a historic breakthrough. In some ways, it was.
Mortgage applicants who can't provide tax returns or pay stubs to show their income are getting stated income loans again as companies such as Unity West Lending and Westport Mortgage chase customers they can no longer afford to ignore.
Wells Fargo & Co. (WFC)’s mortgage business, the largest in the U.S., is looking to halt a revenue slump by sweetening the payoff for employees amid a shift to new home purchases.
The MCAI (Mortgage Credit Availability Index) is a new index designed by the Mtg Bankers Assoc to measure the availability of home mortgages to home buyers.
Older homeowners often use reverse mortgages to pay off their traditional mortgages so they can get rid of their monthly house payments. Is that a wise strategy?
Rises in housing prices have been profitable to private equity firms and institutional investors that bought foreclosed homes to flip them or to rent them out.
For more than half a year, the mortgage finance industry grew to accommodate to the Consumer Financial Protection Bureau’s new Qualified Mortgage and Ability-to-Repay rules.
What’s another week? The Justice Department’s mammoth $17 billion proposed settlement with Bank of America, expected to be inked last week, is still being haggled over, sources said.
Wall Street is running into resistance unloading commercial-mortgage backed securities.
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.