Investors will be watching this week as the nation's largest banks release their earnings statements for the first quarter of 2016, starting with JPMorgan Chase on Wednesday, April 13, followed...
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Crisis No Longer Haunts Bank of America
With the release of the company’s Q1 2016 earnings statement right around the corner, Bank of America CEO Brian Moynihan said in his letter to shareholders in the 2015 Annual...
Read More »11 Metros With Record-Setting Home Values
With the days of the recession well in the rear view mirror, housing markets have experienced dramatic growth in home values, and some market values have surpassed previous all-time highs...
Read More »With Settlements Behind Them, Morgan Stanley and Bank of America Post Solid 2015 Results
With multi-billion dollar mortgage-backed securities settlements mostly in the rear view mirror, Bank of America and Morgan Stanley both posted solid results in their respective Q4 and full year 2015...
Read More »New Reports Conclude Dodd-Frank Has Adversely Affected Main Street
Last year, the House Financial Services Committee held a series of hearings to examine the impact of Dodd-Frank on Americans during the fifth anniversary of the highly controversial Wall Street...
Read More »Foreclosure Sales Are Way Down—But So Are Solutions
...approximately 29,000 completed modifications under the government’s Home Affordable Modification Program (HAMP). Foreclosure starts also declined substantially in Q3 both over-the-quarter down to 159,000 (9 percent, down from 176,000) and...
Read More »Exposure to Risk is Declining for Fannie Mae and Freddie Mac—But So Are Revenues
Seven years after the housing market crashed, serious delinquency rates for most mortgage portfolios are at or near pre-recession levels, and the GSEs are no exception. The GSEs’ exposure to...
Read More »Fannie Mae’s Gross Mortgage Portfolio Sees More Substantial Contraction
Fannie Mae’s gross mortgage portfolio contracted at a compound annualized rate of 21.3 percent in September, marking the sixth consecutive month of contraction and the seventh in nine months in...
Read More »Regulatory Changes, Reputational Risk, Economics Are Factors in Shift to Non-Bank Servicing
The rules for originating a mortgage have changed in the seven years since the housing crisis, which in turn have changed loan servicing and even caused a transition of servicing...
Read More »AACER: Bankruptcy Filings Continue Yearly Tumble, Falling 10 Percent In March
...filings per day increased slightly month-over-month, from 3,421 per day in February up to 3,710 in March. Since March 2010, when 159,382 bankruptcy filings were reported for the month nationwide,...
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