Headlines and Blogs from Around the Web
The latest Securitization Weekly Overview from mortgage-bond analysts at Bank of America Merrill Lynchhighlights the difficulty of millennials getting mortgages
Executives from reverse mortgage companies know plenty about consumers’ feelings around inheritance. After all, they’re in the business of encouraging older Americans to drain equity now from homes they may pass on to their heirs in the future.
The couple, who had just had twins, thought everything was on track when their mortgage application was approved and the closing for their new Virginia home was scheduled.
Bank of America/Merrill Lynch says its official outlook for the economy is neither that of a Bull forecasting a cyclical surge or a Bear's view of secular stagnation. Rather, the company says it is looking for a low growth recovery.
U.S. banks have been to hell and back. By the time the financial crisis of 2008-09 reached its deepest depths by March of '09, JP Morgan Chase shares had fallen over 66% from $48 to $16, Wells Fargo had sunk over 78% from $38 to $8, Bank of America had reeled over 92% from $52 to $4, and Citigroup had collapsed over 95% from $475 to under $20 (all on a distributions adjusted basis).
UBS AG received a U.S. federal subpoena last month seeking records related to its residential mortgage-backed securities business during the boom in sub-prime lending.
I’m a farm girl from New Jersey. All of my relatives were farmers when I was growing up, and I watched my father expand from farming to own his own business.
While the financial crisis ended more than six years ago, Bank of America has only recently emerged from under the dark cloud that's weighed on its stock since Lehman Brothers failed in September 2008.
Attorney General Eric Holder’s plan to step down presages the beginning of the end of the Justice Department’s push to hold big banks accountable for their pre-crisis conduct.
The Federal Housing Finance Agency can further mitigate the risks posed by Fannie Mae’s and Freddie Mac’s reliance on their counterparties’ information on origination and servicing compliance by directing them to assess the cost/benefit of whether counterparties should obtain independent, third-party attestations on a risk-focused basis that considers such things as counterparty size, product line and other characteristics.
If you only casually follow news from the financial sector, you could be forgiven for thinking the Eric Holder-era Department of Justice has cracked down on the banks that helped create the financial crisis.
The Nevada Supreme Court recently upheld a law that allows homeowners associations (HOAs) to foreclose on homes ahead of first-mortgage providers - therefore, solidifying super-lien priority for HOA claims in the state, explains Matt Martin Real Estate Management LLC (MMREM).
A Washington couple who haven’t made mortgage payments on their home since December of 2008 can’t be evicted because they were improperly foreclosed on by Bank of America, a state judge has ruled.
Given the government's failure to bring criminal cases against bankers and other Wall Street figures for collapsing the U.S. economy in 2008, it's been left to the little guy to strike back.
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.