How far can lenders push the credit box?

How far can lenders push the credit box?

Watt announcement helps, but risk keeps standards tight

Warren calls for GAO investigation of nonbank servicers

Asks GAO to review “unprecedented” growth of nonbank servicers

Freddie Mac CEO: We will help increase mortgage lending

Competition among two is still competition
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Items Tagged with 'BAC'

ARTICLES

BofA beats expectations but sees declining revenue, per share value

Litigation costs, decline in originations, MSRs weigh on 3Q
Trey Garrison
Bank of America beat analyst expectations, reporting net income of $168 million for the third quarter of 2014, on top of shrinking revenues driven by decline in originations and mortgage servicing rights, among other factors.
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Bank of America to pay $7.65 million for $4B capital error

SEC, BofA agreement also includes new stress test for bank
Trey Garrison
Bank of America (BAC) is settling with the Securities and Exchange Committee to pay a $7.65 million penalty for a $4 billion capital error it disclosed earlier this year.
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Housing, tech stocks take a beating on troublesome data

HW 30 index look like a slaughterhouse floor
Trey Garrison
Declining economic activity and a serious drop in existing home sales opened the door for housing stocks to take a beating Monday.
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Countrywide’s Mozilo may face lawsuit over subprime mortgages

This time prosecutors have a new weapon
Brena Swanson
Although Countrywide Financial no longer exists, co-founder Angelo Mozilo is allegedly not in the clear as prosecutors still want to hold him responsible for the company’s role in the U.S. housing bubble, according to a Bloomberg report.
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Citi wasn’t too big to fail Fed stress test

BAC, GS pass while HSBC and RBS fail
Trey Garrison
Citigroup, Royal Bank of Scotland, and HSBC Holdings were three of the five banks that failed the Federal Reserve’s annual stress tests.
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Opposition growing among banks, lawmakers to Camp tax reform proposal

Primary focus on the excise tax on financial firms
Trey Garrison
Banking associations, leading financial institutions and now a number of House Republicans are coming out with grave concerns and – in the case of some big banks – outright if still quiet opposition to a comprehensive tax overhaul being proposed by the head of the House Ways and Means Committee.
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Wells Fargo settles forced placement lawsuit for undisclosed amount

Will pay affected owners 11% of premiums
Trey Garrison
Wells Fargo and two insurance companies agreed to repay homeowners in cash up to 11% of the premiums paid before March 24, 2012, in a settlement reached Thursday.
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BofA 10-K may equal huge Ambac reps and warrants recovery

No guarantees, but recent rulings give Ambac momentum
Trey Garrison
Ambac Financial Group may benefit from something in Bank of America's 10-K filing posted Tuesday evening regarding its plans to pay for representation and warranty breaches.
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It's a landlord's world now

Another report suggests multifamily is gaining traction
Kerri Ann Panchuk
Is it time to bet on multifamily? More housing analysts say, yes. What was once a market dedicated to homeownership and long-term investments is shifting somewhat.
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Which bank paid the most for past mortgage sins?

TBTFs spend a fortune defending themselves
Trey Garrison
The banks are still paying through the nose for mortgage related litigation. Find out which three paid the most and who looks like they've put it behind them.
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