For the most recent news on BofA and the foreclosure moratorium, see the October 2010 first tuesday article, The foreclosure machine grinds again Due to processing irregularities, Bank of America (BofA) is halting foreclosures...
Read MoreBank of America (BofA) has announced it will bow out of the wholesale mortgage lending business, confining its funding of loans to direct-to-consumer lending from its mortgage centers and community banks. BofA insists this...
Read MoreWith current mortgage rates as low as they were during the Great Depression, homeowners are refinancing to shorten their loan term from 30- to 15-year fixed rate mortgages (FRMs). Since interest rates are so low, homeowners can...
Read MoreThis article examines a recent report published by the FHFA comparing the risk characteristics and performance of government sponsored entity (GSE) loans vs. private-label mortgage-backed bond (MBB) loans in the financial crisis of late 2008.
Read MoreThe two largest holders of real estate owned property (REO) in the country, the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), are biting their nails as their REO...
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