Sources: Morris Schneider Wittstadt declaring bankruptcy, closing immediately

Sources: Morris Schneider Wittstadt declaring bankruptcy, closing immediately

LandCastle Title’s operations will not be affected

8 avoidable mistakes first-time homebuyers keep making

Stop doing these things

Trending Thursday: CFPB data collection worse than the NSA?

Slowly but surely GSE shareholders cutting into Treasury, FHFA secrecy
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Items Tagged with 'Bank of America'

ARTICLES

Guess how many bank CEOs made Glassdoor’s list of the highest rated CEOs?

Here's a hint…not many
Ben Lane
For those who don’t know, Glassdoor is a website where a company’s employees (and former employees) can leave anonymous reviews of the company and tell other employees (or prospective employees) what it’s really like to work there. So how many bank CEOs made the top 50 in Glassdoor’s 2015 list of the highest rated CEOs? Not very many as it turns out.
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DOJ set for second round of massive mortgage settlements

9 more banks said to be targeted
Brena Swanson
Round two. The Department of Justice and state officials are targeting up to nine banks for the next batch of billion-dollar payments related to soured mortgages.
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From HW Magazine

Low-hanging fruit

Small doc management companies make tempting M&A targets
Brena Swanson
Every day, a new crop of technology companies works to develop solutions to solve something inefficient in the housing industry. And every day, they have to look over their shoulders.
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Judge dismisses BofA, U.S. Bank mortgage-bond lawsuits

Three suits tossed out
Brena Swanson
U.S. Bank and Bank of America are in the clear after a Manhattan U.S. district judge threw out three suits alleging breaches over mortgage-backed securities.
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Is Bank of America looking to sell LandSafe?

In an industry hungry to buy, the answer is probably 'yes'
Brena Swanson
Bank of America is in talks to sell its appraisal company LandSafe, and the market is hungry to buy it. If you want to add your company to the priority list, you better act fast. The deal is expected to close in the next four to six weeks. And you'll have plenty of competition.
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From HW Magazine

Is the threat of subprime bond lawsuits fading?

Investors may finally get paid
Amy Macintosh
A new target for investors looking to recover RMBS will be the trustees. In addition to the on-going global settlement cases, new lawsuits were issued last year between investors and trustees. This new type of litigation was initiated for investors to recover their losses on RMBS by accusing trustees of negligence and breach of contract.
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BAML hosts 24th annual low-income housing challenge in California

Contest pits colleges against each other in developing biz plans
Trey Garrison
In May, Bank of America/Merrill Lynch is holding its 24th Annual Low Income Housing Challenge in California, challenging students to come up with a business plan to meet the needs of those most in need of affordable housing. Here's why this matters.
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Will unprecedented mortgage lending finally save Detroit?

Bank of America, NACA partner to offer zero-down, below market rate mortgages
Ben Lane
A newly created program, called the “Detroit Neighborhood Initiative,” is based on a partnership between the city of Detroit, the Neighborhood Assistance Corporation of America, the Opportunity Resource Fund and Bank of America, and the program goes to unprecedented lengths to help restore the city to its former glory.
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Here's why force-placed insurance continues to get bad press

Is it time to shut it down?
Lynn Effinger
On the surface of it, most any reasonable person would understand that a mortgage lender has the right to protect its asset if the borrower is not adequately covered by homeowner’s or flood insurance policies. But here's where the controversy comes in.
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Bank of America feeling pretty positive about mortgages

Earnings shows strength in originations
Brena Swanson
After mixed reviews on Bank of America's first-quarter earnings, the lender's mortgage division is holding on strong. Could the bank finally be ready to step up its game in originations?
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