Under the terms of its 2014 RMBS settlement, Bank of America is continuing to provide relief to consumers in the areas most affected by the foreclosure crisis.
Read More »Will Dodd-Frank be Out of the Picture Soon?
While Republicans have been trying to roll back parts of the Dodd-Frank Act since it was passed in 2010, in the next couple of weeks they have promised that some massive reform proposals are coming.
Read More »Freddie Mac Exceeds Portfolio Reduction Goal
How much did Freddie Mac reduce its mortgage-related investments portfolio during April?
Read More »Now Below 2016 Cap, Fannie Mae Portfolio Shrinks Further
The value of Fannie Mae's gross mortgage portfolio fell below its cap for 2016 in March; how much further did it contract in April?
Read More »Fannie, Freddie Profit Sweep Raises More Questions
Depositions unsealed last month showed that key officials at the GSEs may have known they were about to be profitable in 2012. Now the judge wants to see more.
Read More »The Week Ahead: Great Expectations for Construction Spending
Construction spending bounced back in March after experiencing the largest decline in three months and raising unexpected concerns among market watchers in the industry. Now, the industry is awaiting the new spending numbers to see if those previous gains spilled into April.
Read More »GDP Adds Fuel to the Fed’s Fire
The Bureau of Economic Analysis reported an upward revision to the first quarter gross domestic product, which some industry experts believe will not only signal better growth in the second quarter, but also motivate the Fed to raise rates.
Read More »OCC Frees Wells Fargo from Servicing Restrictions
The OCC terminated the servicing-related consent order against Wells Fargo, but at the same time issued a civil penalty to the bank.
Read More »Bank of America’s ‘Hustle’ Whistleblower Retains Reward
Bank of America's $1.27 billion penalty in the "Hustle" case has been overturned. Why does the former Countrywide exec who blew the whistle get to keep the reward money?
Read More »Wells Fargo Rolls Out Low Down Payment Program
Wells Fargo is launching a new low-down payment mortgage program for first-time and lower-income borrowers that could be the bank’s way out from under the shadow of the Federal Housing Administration.
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