To kick off Rebuilding Together's new "Serving Those Who Serve" initiative, Countrywide Home Loans is paying the next two years of U.S. Army Sgt. Robert Bonner's mortgage payments.The gift will help Sgt. Bonner and his wife, who recently gave birth to the couple's fourth child, "through a transition most of us can't imagine," said Sandy Samuels, Countrywide's chief legal counsel and a senior managing director at the Calabasas, Calif.-based mortgage company. A medic -- and a Countrywide customer -- Sgt. Bonner lost both legs and suffered partial loss of his sight while serving in Iraq in 2004. Rebuilding Together is a volunteer organization that rehabs the houses of low-income families, and its new initiative will provide modification services to military personnel returning from the Middle East war zone with critical injuries. Countrywide can be found online at http://www.countrywide.com.
-
Home price modeling changes hurt FOA's third-quarter interim results but it was in the black between January and September on a continuing operations basis.
11h ago -
While FHFA reduced most of the single-family low-income goals, the MBA wants the refinance target for Fannie Mae and Freddie Mac cut as well, its letter said.
November 4 -
The latest case comes after at least three other zombie lawsuits in the past year, with the owner of the loan in question claiming $173,000 in past-due interest.
November 4 -
Newer automation that can serve as a wraparound to existing technology can cut servicing costs in a competitive industry, according to fintech executives.
November 4 -
Comptroller of the Currency Jonathan Gould said Tuesday that chartering compliant fintechs is "the only way" to level the playing field between banks and nonbanks. His comments come as the Office of the Comptroller of the Currency weighs new trust charters and stablecoin rules.
November 4 -
Federal Reserve Vice Chair for Supervision Michelle Bowman said she wants banks to be competitive in the digital assets space, provided those operations are siloed from the traditional finance side of the business.
November 4





