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.
-
Even with the positive news when it came to income, two of the big four underwriters had their earnings outlook slashed, while a third received an upgrade.
August 7 -
AD Mortgage's news survey finds 82% expect AI to transform the industry, and relationship skills will decide who wins in 2027.
August 7 -
An acquisition this year could be one in a line of other future deals, potentially involving lenders or commercial real estate firms, Ellington executives said.
August 7 -
If the deal is completed, the companies will form the sixth-largest publicly traded homebuilder in the U.S. with about $6.6 billion in combined revenue.
August 7 -
Fannie Mae and Freddie Mac's oversight chief said that he's displeased with a report that these builders have retreated from serving first-time buyers.
August 7 -
The economy lost 23,000 jobs in July, but the unemployment rate ticked down to 4.1% all the same. The development could embolden both hawks and doves at the central bank.
August 7








