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Bank of America Corp. Chief Executive Officer Brian T. Moynihan, who was named chairman this month, said legal costs stemming from defective mortgages are largely behind it.
October 29 -
McGraw Hill Financial said it's negotiating a possible settlement of government investigations into how its S&P unit graded commercial mortgage-backed securities and recorded a $60 million charge to cover the costs.
October 29 -
The credit quality of U.S. commercial mortgages being packaged into bonds slipped further in the third quarter as borrowers piled on more debt, according to Moody's Investors Service.
October 29 -
Mortgage executives who have long decried new regulations as excessive are increasingly becoming resigned to the fact that changes are here to stay.
October 29
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Mortgage loan application volume decreased last week as both refinance and purchase volume slowed down.
October 29 -
Washington Trust Bancorp is eager to dip its toe in the water when it comes to Fairfield County, Conn., but the company is reluctant to take a full plunge into that booming market.
October 29 -
EverBank Financial in Jacksonville, Fla., reported higher quarterly profit due to an uptick in residential lending.
October 29 -
You can build a new book of business by returning to tried and true ideas which have worked for you in the past.
October 29 -
The CoreLogic Mortgage Fraud Report estimates that in the second quarter approximately $3.3 billion in mortgage debt contained elements of fraud or serious misrepresentations.
October 29 -
Housing policy needs to be refocused on strengthening household balance sheets, especially by making borrowers more resilient to home price declines. A new 15-year fixed-rate mortgage that allows borrowers to use the down payment to buy down the interest rate on the loan is designed to do just that.
October 28



