Data from the Home Mortgage Disclosure Act shows that local lenders are the preferred lender in 60 percent of cases.
Read More »Which Banking CEO Came Out on Top?
Both Citigroup and Bank of America recently released the 2016 earnings for their CEOs—with one receiving a compensation cut, while the other saw a boost thanks to a profitable year.
Read More »DOJ Concedes Battle in BOA ‘Hustle’ Case
Bank of America has officially won its battle against the Department of Justice six months after an appeals court threw out the $1.27 billion penalty against the bank for selling toxic RMBS.
Read More »Mortgage Production Drives BOA’s Q3 Profits
Bank of America managed to escape the fate that befell several other banks in the third quarter.
Read More »Bank of America to PHH: It’s Over
Bank of America plans to terminate its mortgage origination services agreement with PHH Mortgage this coming spring.
Read More »Bank of America Launches Mobile Homebuying Education Center
Bank of America has launched its mobile-optimized Real Estate Center, a comprehensive online education center for both buyers and sellers.
Read More »Bank of America is Getting Close. . .
Having just passed the two-year anniversary of a record RMBS settlement, Bank of America is close to paying off its obligation under the settlement terms.
Read More »Court Denies Government’s Bid for New Trial in BOA ‘Hustle’ Case
Having dismissed a $1.27 billion penalty against Bank of America for the High Speed Swim Lane (HSSL, or "Hustle" program) in May, the 2nd Circuit Court of Appeals ruled in favor of the bank again on Monday.
Read More »Government Seeks New Trial in BOA ‘Hustle’ Case
In May, an appellate court overturned a $1.27 billion penalty against Bank of America for Countrywide's "Hustle" verdict. But the government isn't letting the case go away just yet.
Read More »Bank of America: Mortgage Production Up, Profits Down
Mortgage production was up for Bank of America in Q2 despite a drop in mortgage income during the quarter as well as a substantial overall drop in profits.
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