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Home Mortgages
Latest Headlines
Latest Headlines
Bank of America shakes up retail and small business units
You've got to give newly appointed executives the leeway to make dramatic changes within their units, even if that contributes to a perception of constant change and chaos.
So it goes at Bank of America, where newly appointed co-COO David Darnell has moved to put his stamp on the retail bankin
New concerns over second liens
Banks have made great progress in dealing with soured mortgages. They have reserved aggressively against various home mortgages and moved to settle related putback issues. But the industry has been less proactive when it comes to second liens.
The New York Times reports that the SEC is tak
Is Citi getting it?
Citi has announced plans to lend out $36.5 billion of the $45 billion in TARP funds it received. About $26 billion will be used for home mortgages. The rest will be for other consumer-type loans. It would be nice if there were more details attached to this. When will the lending start? Will it be
