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BofA Tumbles to 5.6% Share of Mortgages

Bank of America Corp . lost about three-quarters of its market share in U.S. home mortgages since 2007 as the firm grappled with defective loans, while Wells Fargo & Co. (WFC) ’s presence almost doubled, FBR Capital Markets said.

BofA Tumbles to 5.6% Share of Mortgages as Wells Fargo Dominates

Bank of America Corp. lost about three-quarters of its market share in U.S. home mortgages since 2007 as the firm grappled with defective loans, while Wells Fargo & Co.’s presence almost doubled, FBR Capital Markets said.

US Mortgage Applications Dipped Last Week: MBA

Applications for U.S. home mortgages slipped last week, even as interest rates also eased, an industry group said on Wednesday.

Mortgage applications dipped last week: MBA

Applications for U.S. home mortgages slipped last week, even as interest rates also eased, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage ...

Corker: Obama’s Principal Write-down Proposal For Underwater Home Mortgages Is “Terrible Public Policy”

Senator Bob Corker, R-Tn., a member of the Senate Banking Committee, on Monday said the Obama administration’s proposal to write down principal on some underwater home mortgages at taxpayer expense is “terrible public policy” and means Tennesseans and other Americans who acted responsibly will be paying for the consequences of reckless housing practices in other states like California, Florida ...

FHA Raises Subprime Debt Insured for Housing Rebound: Mortgages

In Honolulu, on the southern coast of the island of Oahu, there’s a four-bedroom home priced at $785,000 that has views of the sun setting over the Pacific Ocean. The beaches of Waikiki are 15-minutes away.

Soros Proves Nothing Rotten in Denmark for Home Loans: Mortgages

Billionaire George Soros’s assertion that Denmark’s $480 billion mortgage credit system can weather any crisis better than any country where mortgages are bought and sold is proving the rule for international investors.