Bank of America: 'We provide all required MSR documents'

Bank of America: 'We provide all required MSR documents'

Responds to Ginnie Mae MSR transfer block

Fannie, Freddie settlements eat into PNC earnings

Earnings barely move from 4Q13

Here are 5 bold mortgage predictions from KBW

Q1 mortgage volume predicted to be $20 billion lower
W S
Lending / The Ticker

Policies, housing fuel big bank mortgage recovery

/ Print / Reprints /
| Share More
/ Text Size+

Mortgage revenue at the four largest U.S. lenders is surpassing the costs of faulty home loans and foreclosures from the housing boom as Federal Reserve and government policies help fuel the recovery.

Wells Fargo & Co. (WFC)JPMorgan Chase & Co. (JPM)Bank of America Corp. (BAC), and U.S. Bancorp (USB) reported $24.4 billion from home lending in 2012 and expenses of more than $21.7 billion for settlements and loan repurchases, according to data compiled by Bloomberg. Lower costs for firms such as Bank of America this year will act as a "tailwind," as mortgage revenue remains strong, Goldman Sachs Group Inc. (GS) analysts said.

()

Source: Bloomberg
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus