Headlines and Blogs from Around the Web
Investigators with the Department of Housing and Urban Development recently entered into settlements with various lenders who they alleged allowed borrowers to obtain multiple reverse mortgages on more than one property.
According to CoreLogic's latest Home Price Index (HPI) for the month of February 2014, home prices nationwide, including distressed sales, increased 12.2 percent in February 2014 compared to February 2013.
As fundamentally wrong as it is, my bullish thesis on Bank of America (BAC) was shot through its nascent stages the day I penned an article simply advocating potential investors to push aside their legal woes - which I argued would eventually be sorted out - and look at the performance of the bank under Brian Moynihan.
Beginning yesterday morning, the most widely-used Loan Origination Software (LOS) has been offline.
Ginnie Mae on Tuesday weighed in on lenders’ ability to securitize loan variations of the fixed-rate federally-insured reverse mortgage product.
U.S. housing regulators abandoned their lawsuit against Bank of America Corp.’s Merrill Lynch unit as part of a $9.5 billion settlement resolving allegations the bank misrepresented loans packaged into bonds.
Last week, Bank of America became the latest major financial institution to announce a multi-billion-dollar settlement with US regulators of charges related to the 2008 financial meltdown.
FBI agents are interviewing employees at FEMA in an investigation of unusual changes in federal flood insurance maps that benefited oceanfront condo buildings with a history of flooding, according to sources familiar with the investigation.
The housing market has been on an upswing these past few years, but the mortgage bailout is far from a distant memory.
Bank of America first quarter 2014 analyst estimates are considerably higher than they should be as many analysts still need to update their targets to reflect a multi-billion dollar settlement the bank reached with Fannie Mae andFreddie Mac five days ago.
Dr. Kenneth Rosen, Chairman, Fisher Center for Real Estate and Urban Economics and Professor Emeritus, University of California, Berkley emerges as a bit of a contrarian in an article in RealtyTrac's March Housing News Report.
They’re playing with house money. But they could still lose big. Cash-strapped baby boomers, taking the TV advice of the Fonz and former US Sen. Fred Thompson, have opted for reverse mortgages in increasing numbers.
Cook County has launched a pair lawsuits against two major banks, alleging that they helped cause the Chicago region’s foreclosure crisis by deliberately marketing predatory loans to black and Latino borrowers.
Cook County is the latest governmental body to sue Bank of America, Countrywide Financial, Merrill Lynch, et al., claiming their unethical and discriminatory mortgage lending disparately affected Chicagoland properties and communities.
Bank of America Corp. should face U.S. Securities and Exchange Commission claims over $855 million in mortgage-backed securities, said a judge who last week advised that a Justice Department complaint over the same securities should be thrown out
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.