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

Items Tagged with 'Housing Crisis'


HSBC gets the go ahead to sue DB over reps and warrants

Judge denies motion to dismiss case from pre-crisis RMBS deals
April 16, 2014
A New York judge denied Deutsche Bank’s bid to dismiss four lawsuits that would force it to either pay damages or buy back subprime mortgages packaged into RMBS back before the start of the 2008 financial crisis.
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Top 9 things you haven't seen since the housing crisis

Like Blockbuster and flip phones, they're gone, baby
April 2, 2014
The pre-housing crisis days are long gone, and most of these are long gone, too.
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Bank of America close to beating DOJ $850M RMBS fraud suit

Justice Dept. hasn't proven allegations in FIRREA case
March 28, 2014
A U.S. magistrate is recommending dismissal of a federal case against Bank of America for fraud against investors regarding the quality of $850 million in loans bundled into mortgage-backed securities.
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Fannie Mae finally profits Uncle Sam

Now will they start paying shareholders?
February 21, 2014
Fannie Mae is paying the U.S. Department of Treasury $7.2 billion, bringing its payments now to a level exceeding the total bailout it received. It still hasn't paid shareholders. It's unclear if it plans to. And it hasn't started paying back the bailout, either.
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Foreclosure pipeline drains out

Foreclosure inventory drops by a third year-over-year
January 9, 2014
The total number of homes in foreclosure in the U.S. dropped by almost a third year-over-year in November while falling to 46,000 completed foreclosures from 64,000.
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Apartment rent goes through roof

Landlords continue to increase rents in many cities
January 7, 2014
Rising rents continue to pressure renters across the U.S. as landlords continue to benefit from market conditions, allowing them to push prices higher and higher.
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California absorbs the most housing relief funds

Treasury allocates $7.6B to 18 states, Cali takes in $2B alone
October 18, 2013
California received the largest portion of the Treasury's Hardest Hit Fund to help struggling homeowners, pulling in $2 billion of the total $7.6 billion in offered aid.
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Barclays updates home price scenarios

Creates 'down 30%' option
September 27, 2013
Industry experts are initiating scenarios to incorporate possible changes to looming home price forecasts over the next five years.
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Vacant home inventory falls in Phoenix

September 23, 2013
Phoenix’s overstock of vacant houses has drastically dwindled over the past three years, dropping from 100,000 homes to 10,000 properties.
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Housing market as volatile as the stock market?

August 27, 2013
After the housing crisis, investors started to pour money into the housing market, turning it into one of the most popular assets. As a result, the housing market is just as volatile as the stock market today.
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