Bank of America and Wells Fargo were among banks that tightened credit standards for mortgages insured by the Federal Housing Administration in a move that may put a crimp in the U.S. housing recovery by effectively eliminating…
Executives from the mortgage servicing industry testify before the Senate today, and they’ll try to save face by apologizing for their industry’s role in the foreclosure mess. But don’t believe the hype.
Contin…
Flawed foreclosure paperwork could inflict huge losses on the nation’s top banks and spread chaos through the housing market, according to a congressional report.
Accusations that major mortgage lenders including Bank of America Corp. (BAC), used fla…
U.S. Bancorp agreed to pay as much as $35 million in cash for Bank of America’s securitization trust administration units in the U.S. and Europe. The deal is part of the U.S. Bank parent company’s efforts to expands its corpora…
U.S. credit card delinquencies fell in October to the lowest levels of the year as more people were able to restart payments on their consumer debt, The Wall Street Journal reported, citing company filings.
Con…