Headlines and Blogs from Around the Web
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
A growing population of Baby Boomers poses significant challenges to both the nation’s housing market and healthcare industry, however, a recent study suggests home- and community-based services can help quell any crises related to aging in place.
Chris Cooley never missed a payment on his mortgage in Long Beach, California. Every month, Wells Fargo would debit him $3,100 for the four-unit building; one of the units was his, and the other three he rented out for income to cover the mortgage.
Chairman Tim Johnson, D- S.D., and Sen. Mike Crapo, R-Idaho, of the Senate Committee on Banking, Housing, and Urban Affairs will markup their housing finance reform bill on Tuesday, April 29, 2014 at 10 a.m. ET.
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.