The banks have already said the settlement will crimp their fourth-quarter results. Bank of America expects a hit of $2.5 billion — more than it made in the fourth quarter of 2011, when it earned about $1.6 billion.
Banks prepare for earnings in shadow of recent changes
Most Popular Articles
Latest Articles
Labor market report is good news for mortgage rates
Friday’s jobs report came in as a miss of estimates and wage growth came in lower than expected, which is good news for mortgage rates.
-
Virginia Realtors: Zillow’s touring agreement may not be legal
-
Low inventory creates challenging conditions in North Carolina’s housing market
-
Tri-state area housing shortage could cost the region economically
-
Remote reverse mortgage counseling now permanently permitted in Massachusetts
-
NAR settlement terms slated to go into effect in mid-August