The president of Bank of America Home Loans is leaving the company. Having been handed the reins at the previously biggest mortgage company in the country, the exiting executive was once thought to be a contender for the top job at the parent company. When BofA announced in January 2008 its intention to acquire Countrywide [...]
Posts Tagged ‘Mortgage’
Mortgage Activity Up Again
February 3rd, 2012 
admin Falling mortgage rates motivated an increasing number of borrowers this week to inquire about a refinance, though inquiries for purchases were also higher. Rates, however, are poised to deteriorate. Refinance activity more than doubled compared to a year ago. Despite a widening spread over conforming rates, more jumbo borrowers were out shopping for a loan. [...]
Mortgage Rates Higher Following Employment Report
February 3rd, 2012 admin Posted To: Mortgage Rate Watch The monthly Employment Situation Report was released at 8:30am this morning, with much better-than-expected results. Stocks rallied sharply and most every interest rate in fixed-income markets moved higher. The economic optimism created by this sort of data tends to increase demand for riskier investments like stocks and lower demand for [...]
Mortgage Rates Hit New Lows Again
February 3rd, 2012 admin Mortgage rates once again inched lower this week, lowering the cost of borrowing and increasing housing affordability. View full post on Daily Real Estate News Share and Enjoy:
California’s Solo Mortgage Probe Complicated by 2008 Deal
February 3rd, 2012 admin California Attorney General Kamala Harris objects to giving banks broad releases of liability for predatory lending. At the same time, she may be locked into her predecessor’s 2008 settlement with the largest lender in the state during the mortgage boom that does exactly that. View full post on california foreclosures – Yahoo! News Search Results Share [...]
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Tags: 2008, California’s, Complicated, Deal, Mortgage, Probe, Solo 
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