NationsBanc Mortgage Corp. and BankAmerica Mortgage became one mortgage company Thursday as a result of the merger of Bank of America and NationsBank.The new company, Bank of America Mortgage, becomes the nation's top mortgage servicer, with more than 2.7 million households and a servicing portfolio of $250 billion. It originates loans in 35 states and the District of Columbia and via three TeleMortgage Centers. (See the Mortgage Data Charts page for more information on top servicers and originators compiled by the Database Products Group, a MortgageWire affiliate.) Bank of America's website address is http://www.bankamerica.com, and NationsBank's is http://www.nationsbank.com.
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Remote work helped fuel migration and erased the loss of rural residents that occurred in the decade prior to the arrival of Covid, Harvard researchers found.
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The threshold regards loans where the annual percentage rate is at least 1.5 percentage points higher than the average prime offer rate on first liens.
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The home purchase market, which competes for consumers with rentals, should remain subdued in 2026 because of high mortgage rates and low affordability.
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Federal Reserve Gov. Stephen Miran said higher goods prices could be the trade-off for bolstering national security and addressing geo-economic risks.
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Rising labor and material costs could weigh on final expenses, despite a slower summer for hurricane and tornado claims, according to Verisk.
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The partnership also includes a $50 million equity investment in Finance of America, securing long-term alignment between the companies.
December 15




