Bank of America reported a sharp decline in third-quarter profit Wednesday after recording a $1.2 billion charge tied to U.S. anti-money-laundering enforcement, even as its loan balances and net interest income increased. The Charlotte-based bank earned $6.93 billion...
The U.S. Supreme Court has asked the Solicitor General to weigh in on three mortgage-escrow cases that have produced conflicting appellate rulings over whether federal law shields national banks from state requirements to pay interest on borrowers’ escrow balances....
Most Americans believe it is better to buy a home than to live in rental housing, according to the latest Bank of America Homebuyer Insights Report. This marks the first time in three years that report respondents favored homeownership over renting. Sparks Research...
Jerome Powell drops a bombshell, a new movie celebrates a pioneering banker, and the Washington Commanders debut their new stadium’s design. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Jan. 12-16. Hit: A Very Big...
Bank of America (NYSE: BAC) has allocated $10 million in zero-interest loans to Community Development Financial Institutions (CDFI) for ongoing housing, nonprofit facilities, and small business assistance to the victims of last January’s wildfires in Los Angeles...
Fed Holds Rates at 3.75%–4.00% as Two Officials Call for Another Hike
