Bank of America is betting a recovery in home prices this year will allow it to avoid new losses on mortgage loans. That outlook clashes with the views of some independent analysts — and its own economist. Chief Executive Officer Brian T. Moynihan’s credibility is riding on the outcome as he seeks to convince investors that the lender can curb costs from bad mortgages.
Bank of America’s rosy housing outlook
Most Popular Articles
Latest Articles
-
Former Ginnie Mae president reacts to lawmaker’s reverse mortgage securities letter
-
Financial planner: Reverse mortgages can help retirees with high property taxes
-
MBA issues support for real estate finance bills debated by Congress
-
Supreme Court denies HomeServices’ petition in commission suit
-
Home prices kept climbing at a brisk pace in March: First American