Bank of America, Charlotte, N.C., has announced the introduction of special pricing, through Nov. 30, for borrowers seeking to refinance their home with fixed-rate loans.Under the Great Rate Refi Event, conforming 30-year and 15-year loans and nonconforming 30-year loans are being offered by all BoA's retail channels, including its banking centers, mortgage loan officers, telephone LoanLine, and website. "Millions of borrowers are feeling the pressure of resetting adjustable-rate mortgages, and we now invite them to examine the security of a Bank of America fixed-rate mortgage at attractive pricing," said Floyd Robinson, president of BoA's Consumer Real Estate and Insurance Services Group. The details of the offer can be found online at http://www.bankofamerica.com/greatrate.
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The mortgage subsidiary of Hilltop Holdings posted another quarterly loss and volume slipped, but management also sees signs of optimism.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
April 18 -
In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
April 18 -
The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
April 18 -
The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
April 18 -
But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
April 18