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Negotiations that led to an $8.5 billion mortgage-bond settlement between Bank of America and institutional investors were tense and combative, the banks chief risk officer testified.
June 10 -
Bank of America's recent attempts to get some existing mortgage customers to refinance sounds eerily like a sales pitch from the bubble days of 2005.
June 10 -
New rules show the importance for lenders own sakes to make sure their customers know what is going on.
June 10 -
Global commercial real estate advisory services provider Situs has expanded its bank and loan advisory group by adding two directors and two vice presidents.
June 10 -
QuestSoft has designed an all-in-one mortgage compliance software that is compatible with the most popular loan origination systems.
June 10 -
Standard and Poors is warning that new conduit commercial mortgage-backed securities deals, particularly those issued in the second quarter, are riskier compared with other recent vintage transactions.
June 10 -
Veros Real Estate Solutions has updated its proprietary Pathway system to enable users to comply with the new appraisal data reporting rules required by the government-sponsored enterprises.
June 10 -
The fees Fannie and Freddie charge to cover credit risk on mortgages have been surging. Large segments of the market may soon be fair game for securitization without federal backing.
June 10
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Despite home price increases taking place in many real estate markets this year, potential sellers are still reluctant to list their properties for sale, therefore creating tight inventories for prospective buyers.
June 10
