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    President Donald Trump's former campaign chair was just found guilty of tax and bank fraud. A jury in Alexandria, Virginia, found former Trump presidential campaign chair Paul Manafort guilty on eight charges of tax and bank fraud. The jury, which was deliberating 18 total charges, was unable to reach a consensus on 10 of the counts. Click the headline for the full story.

Items Tagged with 'Bank of America'

ARTICLES

  • Rebecca Steele, the "face of the housing crisis," finds new home at nonprofit credit counselor

    Former Countrywide exec will now lead the National Foundation for Credit Counseling
    Once dubbed “the face of the housing crisis,” Rebecca Steele has now been hired as the president and CEO of the National Foundation for Credit Counseling. In her new role, Steele will build support and momentum for the NFCC national member network of nonprofit organizations, and in addition to this, she will leverage her 20 years of financial services experience to improve the organization and push forward its consumer-focused programs.
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  • Department of Justice rescinds housing discrimination guidance

    Several racial discrimination cases are pending
    The Department of Justice announces it will rescind 24 guidance documents on a wide range of issues, including housing discrimination. Recently, several stories of racial discrimination in the housing market have managed to become pending legal cases. Will there be more?
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  • Civil rights groups bring shocking housing discrimination lawsuit against Bank of America

    Claim violations under federal Fair Housing Act
    Civil rights groups are coming together to bring a lawsuit against Bank of America and Safeguard Properties Management for alleged fair housing violations. A group of 20 fair housing organizations and two homeowners from Maryland filed a lawsuit against the two companies. The claims the civil rights groups make about the homes is nothing short of shocking.
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  • Bank of America enlists AI to pay your mortgage

    Erica introduced to bank’s mobile clients
    Bank of America announced Friday the release of its artificial intelligence-driven virtual assistant to assist mobile customers with their financial services. The virtual assistant, Erica, is still learning and becomes smarter the more she is used.
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  • BOK Financial joins Roostify's ranks of digital mortgage approvers

    As the mortgage industry continues to move toward digitization, Roostify cleans house
    The digital floodgates have opened, and another lender is in the process of developing a digital loan application platform with Roostify. Lender BOK Financial announced that it will be rolling out a digital loan application platform with Roostify's help. Roostify continues on its tear of lender gets as the mortgage industry runs toward digitization.
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  • Here’s why Bank of America’s mortgage banking revenue is shrinking

    Bank may not be pulling away from mortgage lending
    Bank of America is clearly seeing a decrease in its mortgage banking revenue, but the reasons why may not be because the bank is pulling away from mortgage lending. A deeper dive into one of the bank’s filings, and a talk with its CEO reveal why its mortgage banking revenue continues to shrink.
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  • HousingWire's weekly news podcast #3

    We talk Zillow, Bank of America, and tech
    Episode #3 of HousingWire's weekly news podcast features Editor-in-Chief Jacob Gaffney chats with HW reporter Kelsey Ramirez about Bank of America's earnings, Zillow's move into home buying and home selling. Plus, Managing Editor Sarah Wheeler reports live from MBA Tech.
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  • Is Bank of America taking its focus off mortgage lending?

    And who’s servicing its mortgages?
    Could Bank of America be taking a step back from its mortgage lending platform? Its new earnings report from the first quarter may hold the answer. A few years ago, the bank could easily report $1 billion per quarter in its mortgage banking income. However, in the first quarter of 2018, the income from this sector was so small that it was simply lumped into the section for all other income.
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