Bank of America Corp. reportedly has an interest in acquiring the United Kingdom-based Barclays PLC, according to an unconfirmed Merrill Lynch report.A Bank of America spokesman in Charlotte, N.C., said the company does not comment on rumor and speculation. A call to Barclays' press office in New York had not been returned at deadline time. Barclays is known in the U.S. residential real estate finance industry for, among other things, reaching out to buy HomEq Servicing Corp. from Wachovia Corp. earlier this year.
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Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
16m ago -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
1h ago -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
3h ago -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
3h ago -
While home lenders are seeing a decrease in issues coming through mobile channels, phone fraud spiked last year, accounting for 28% of losses, a new report found.
6h ago -
The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
April 24