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 Housing for the 21st Century Act includes provisions covering policy, manufactured homes and rural infrastructure introduced in a prior Senate proposal.
February 6 -
Mortgage loan officer licensing saw its first rise since 2022 as Fannie Mae projects $2.4T in 2026 volume. Experts eye a market reset amid improving affordability.
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The FHFA chief told Fox an offering could be done near term - but may not be - while a Treasury official addressed conservatorship questions at an FSOC hearing.
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The secondary market regulator will formally publish its own rule on Feb. 6, after a comment period and without making changes to what it proposed in July.
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Bowing to industry pressure, the Consumer Financial Protection Bureau is warning consumers with notices on its complaint portal not to file disputes about inaccurate information on credit reports, among other changes.
February 5 -
The mortgage technology unit at Intercontinental Exchange posted a profit for the third straight quarter, even as lower minimums among renewals capped growth.
February 5




