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.
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A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
July 3 -
Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
July 2 -
The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
July 2 -
A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
July 2 -
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
July 2 -
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
July 2









