Mortgage Lender

BofA Wins Dismissal From Allstate Mortgage Losses Suit Against Countrywide

Bank of America, as a corporate parent, isn’t responsible for the liabilities of Countrywide, the mortgage lender it acquired in 2008, U.S. District Judge Mariana Pfaelzer in Los Angeles said today.

Bank of America extends drop in mortgage rankings

(Reuters) - Bank of America Corp was the fourth-biggest U.S. mortgage lender in the fourth quarter of 2011, continuing its descent in the rankings after it stopped buying loans made by smaller banks. The second-largest U.S. bank in 2008 became the biggest mortgage originator after buying Countrywide Financial, but it has been gradually paring back the business as it copes with losses from the ...

Become your kid's mortgage lender

Between slumping prices and low mortgage rates, it's a good time to look for real estate bargains. But thanks to tightened lending standards, legions of young would-be homebuyers aren't exactly in a position ...

Goldman to face mortgage debt class-action lawsuit

(Reuters) - Goldman Sachs Group Inc was ordered by a federal judge to face a securities class-action lawsuit accusing it of defrauding investors about a 2006 offering of securities backed by risky mortgage loans from a now-defunct lender. U.S. District Judge Harold Baer in Manhattan certified a class-action lawsuit by investors led by the Public Employees' Retirement System of Mississippi. ...

Freddie Mac hired Gingrich as it reshaped strategy

WASHINGTON (Reuters) - Within months after taking over as chief lobbyist at mortgage lender Freddie Mac in 1999, Mitchell Delk hired a prominent Washington insider to advise him on how to build support among conservatives on Capitol Hill: Newt Gingrich, the former speaker of the House of Representatives. A key part of Delk's strategy, as outlined in Federal Election Commission records, was to ...

Charter Oak is again top mortgage lender

Charter Oak Federal Credit Union did the most mortgage lending of any institution in Eastern Connecticut for the second straight year, according to statistics compiled by Boston-based Warren Group.

Mortgage lender holds onto former Masonic Temple

SPRINGFIELD —Although the former The Holy Communion of Churches (HCOC) no longer owns the Masonic Temple at 339-341 State St., the mortgage holder is not asking the HCOC and the 500-person congregation to leave the building anytime soon.