HomeStreet Inc. (NASDAQ:HMST), the parent company of HomeStreet Bank, has agreed to sell to Bank of America (NYSE:BAC), on a servicing retained basis, $990 million of multifamily commercial real estate loans, at a price, including the value of the retained servicing,...
A prominent housing economist had declared the U.S. housing market is “stuck and we are not convinced it will become unstuck” until at least 2026 or even later. In an interview with CNN, Michael Gapen, head of U.S. economics at Bank of America (NYSE:BAC), insisted...
Bank of America (NYSE:BAC) is purchasing a portfolio of 2,000 commercial multifamily real estate loans from Washington Federal Bank, the wholly owned subsidiary of WaFd (NASDAQ:WAF), for $2.9 billion. In a filing with the U.S. Securities and Exchange Commission, WaFd...
Prospective homebuyers may be running out of patience for home prices and interest rates to fall before buying property, according to new data from the Bank of America (NYSE:BAC) Homebuyer Insights Report. According to the report, 62% of buyers are willing to wait for...
The Consumer Financial Protection Bureau (CFPB) has announced it is ordering Bank of America (NYSE:BAC) to pay a $12 million penalty for running afoul of the Home Mortgage Disclosure Act (HMDA) by submitting false mortgage lending information to the federal...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
