Here's where expert economists think housing is going

Washington is protecting buyers right out of homeownership

BPC Housing Commissioner: Give borrowers a chance to fail

2 reasons the single-family rental securitization market won’t exceed $20 billion

$1 trillion market? Not even close.
W S

Items Tagged with 'Bank of America'

ARTICLES

Mortgages don’t to make it on BofA’s priority list

New strategy pulls back from mortgages
Brena Swanson
With the majority of Bank of America’s lawsuits behind it, the Charlotte-based bank is refocusing its efforts and choosing to pull back from mortgages.
Read More

BofA CFO says DOJ settlement is "important milestone"

Most legacy issues behind bank
Brena Swanson
Bank of America has put most of its legacy issues from the financial crisis behind it, according to the bank’s Chief Financial Officer Bruce Thompson.
Read More

Tony West leaving DOJ after negotiating massive RMBS settlements

Led DOJ’s toxic mortgage task force
Ben Lane
In his role, he headed the DOJ’s residential mortgage-backed security task force that in the past several months has secured massive settlements with Citigroup, JPMorgan Chase, Bank of America and others over the banks’ toxic mortgage lending practices that led to the collapse of the housing economy.
Read More

MERS wins again; this time in Pennsylvania

Superior Court upholds ruling on MERS’ authority to assign mortgage
Ben Lane
A Superior Court ruling in Pennsylvania saw another legal victory for MERSCORP in a wrongful foreclosure lawsuit. The mortgagor, Matthew Gibson, had sued Bank of America, claiming that the bank did not hold the note securing his mortgage and therefore had no rights to foreclose. Gibson also claimed that MERS did not have the authority to assign the mortgage.
Read More

Countrywide’s Mozilo speaks: “We didn’t do anything wrong”

Former CEO fights back against coming lawsuit
Brena Swanson
Six years after the financial crisis and the government is still seeking justice for the financial crisis, targeting Countrywide Financial co-founder Angelo Mozilo. But to Mozilo, he did nothing wrong.
Read More

Bank of America urges judge to toss “Hustle” case verdict

Case links to Countrywide mortgages
Brena Swanson
Bank of America asked U.S. District Judge Jed Rakoff in Manhattan to throw out a jury verdict finding it liable for fraud over defective mortgages sold by its Countrywide unit that resulted in a $1.27 billion penalty.
Read More

5 big lenders to help lower military mortgage payments

Obama Administration's new push to help service members
Brena Swanson
In a new effort to help provide home financing to service members, five top lenders commit to the Obama Administration’s new program to help people in the military save hundreds of dollars or more each year.
Read More

BofA settlement consumer relief comes with a price

Tax requirements change true financial benefit
Brena Swanson
Although $7 billion of the Bank of America settlement is going toward consumer relief, those who accept it could face some financial difficulties later due to tax requirements.
Read More

CHART: Biggest bank settlements of all time

Guess which bank is on there twice?
Brena Swanson
The Bank of America settlement went on record as the biggest settlement to date. But where do the other bank settlements rank in comparison?
Read More

It's settled: Principal reduction is smart policy

How the BofA settlement opened the door
Christie Peale

For the first time, loans insured by the Federal Housing Administration will be eligible for principal reduction under the consumer relief menu in a major settlement. 


Read More