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It’s a very large number for any bank, but Bank of America executives said the move makes good economic sense and promotes relationship-building with customers.
July 21
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The latest readings on mortgage credit availability show slight improvement month-to-month, reversing course after two consecutive declines in April and May.
July 14
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With traditional mortgage lending opportunities becoming increasingly scarce, banks in Seattle and Portland are loading up on jumbos, diving into multifamily and reviving dormant bridge loan programs.
July 6
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American International Group is accessing the securitized market through a Credit Suisse deal backed by loans that were generally originated less than a year after TRID.
June 21
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Actress and humanitarian Angelina Jolie has purchased the Cecil B. DeMille estate, a Los Feliz mansion once owned by the early filmmaker, for $24.5 million.
June 19 -
Mortgage credit availability declined in May as lenders reduced the number of government-guaranteed products they market by nearly 2%.
June 9
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American International Group Inc. could securitize through a unit it has previously used to buy jumbo loans.
June 6
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JPMorgan Chase is marketing another offering of bonds backed by a mix of conforming and jumbo residential mortgages, according to Moody's Investors Service.
May 19 -
Mortgage credit availability declined in April as lenders cut back on the number of conforming products they offered.
May 4
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Increased access to jumbo loan products brought mortgage credit availability to its highest level since the bust.
April 6
