Will the New Mortgage Rules Change the Real Estate Market



Bureaucracy may move slowly but it does move. Years after the collapse of the real estate market and another year after its recovery, the Consumer Financial Protection Bureau came out with new rules last week intended to protect consumers from the mortgage industry.

BoA Launches Mortgage to Lease Program



Last week, Bank of America announced that for a select group of homeowners currently facing foreclosure, they would have the option to remain in their homes after all. The catch? They don’t actually get to keep their homes… they have to rent it from the bank instead.

AIG To Sue Bank of America Over High Losses on Mortgage Backed Securities



The New York Times is reporting that AIG is planning to sue Bank of America over losses related to mortgage backed securities. Click Here to read the entire NYT article.   But the real essence of this story reaches back to the companies that were originating the mortgages in the first place. Bank of America […]

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