Here are the 20 hottest housing markets right now

Here are the 20 hottest housing markets right now

realtor.com reveals where demand and prices are sizzling

Mortgage closing costs drop 7% to $1,847

Origination fees dropped but third-party costs rose

Monday Morning Cup of Coffee: G-fees won’t pay for highways

Fed inaction leaves analysts strongly neutral on mortgage bonds
W S
Lending / The Ticker

Federal home loan banks drop objections to BofA MBS settlement

white house and dollar
/ Print / Reprints /
| Share More
/ Text Size+

According to Bloomberg, three federal home loan banks dropped their opposition to Bank of America’s (BAC) $8.5 billion settlement over faulty Countrywide mortgage-backed securities.

Lawyers for the Federal Home Loan Banks of Boston, Chicago and Indianapolis yesterday told New York Supreme Court Judge Barbara Kapnick they are withdrawing from the case.

Also yesterday, lawyers for Cranberry Park LLC and Cranberry Park LLC II, funds which in August said they owned Countrywide securities with an original principal value of more than $1 billion, asked the judge for permission to withdraw their previous objection to the settlement.

Source: Bloomberg
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus