Bank of America Corp.’s plan to sell the insurance unit it acquired with Countrywide Financial Corp. may result in it liquidating properties faster after homeowners stop paying on debt underlying mortgage bonds, according to Amherst Securities Group analyst Laurie Goodman. Loans underlying Countrywide’s securities without government-backed guarantees have been slower to liquidate than those managed by other servicers, according to analysts at JPMorgan Chase & Co., Barclays Plc and Amherst, an Austin, Texas-based broker of securitized debt.
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Some housing pundits report the demand for housing is strong, while these same pundits, on another day say that we are in a housing affordability crisis. Can the two narratives be accurate at the same time?
Fortune Magazine and Great Place to Work this week announced the winners of its 2020 Best Companies to Work For list, ranking America’s best workplace environments for large companies. And multiple industry titans in the housing space made the list.